Germania Becomes the Latest Carrier to File for Bankruptcy

Germania airline is the latest operator to cease operations following financial difficulties. The privately owned airline filed for bankruptcy on February 4 on behalf of itself and its technical services, immediately opting to cancel all of its flight. The airline was originally founded in 1978 under the name Special Air Transport, or SAT, in Cologne with a Fokker F-27. After multiple acquisitions of used aircraft, the company was reorganized under its new name, Germania, on June 1, 1986. Germania initially…