Germania investor hopes abandoned

Prospects of an investor solution for the insolvent airline Germania have been shattered as all serious bidders still involved in negotiations with insolvency administrator Rüdiger Wienberg have pulled out of the process. This means that closure of the companies can no longer be averted. “Given the situation we started with, we knew from the outset that rescuing the companies would be extremely difficult,” Wienberg said. “Germania was grounded, we had no aircraft of our own and no money to pay the leasing rates. Nevertheless, this is of course disappointing news. We literally rolled out the red carpet for our potential