Germania Flug has taken off for the first time as an entirely Swiss-owned national carrier with the company’s share capital now 100 per cent in Swiss hands.
The parties involved have agreed not to disclose details of the transaction. The move follows the collapse of the German parent airline of Germania earlier this month – which filed for insolvency and cease operations due to financing issues.
Germania Flug chief executive officer, Tobias Somandin said: “We have taken an important step. And we have kept our promise to ensure that our flight operations will continue as planned. We remain on course and are delighted with the confidence and trust our airline continues to enjoy among Swiss tour operators, travel agents and passengers.”
The airline said various procedures are currently in progress and services which until now have been provided from Berlin will in future be integrated into the Swiss company’s own structures, or outsourced to selected providers.
Discussions and negotiations are currently under way, the carrier added and until this process is finalised, it said these services will continue to be provided from Germany.
Somandin said: “Our top priority is to continue ensuring reliable and stable flight operations. Other planned steps include rebranding and a modified corporate identity.”
Germania Flug said it remains on course for its current winter flight programme and 2019 summer schedule. The airline is also expanding its charter operations and will in future take over Air Prishtina flights from Basel to Pristina on a full charter basis. Summer expansion plans remain unchanged.
Somandin also said it plans to increase capacity: “We will also continue to lease aircraft, because a leased fleet gives us the flexibility to meet the requirements of our passengers and partners.”