Insider Business Concern in Paphos following closure of Germania airline

Concern in Paphos following closure of Germania airline

News of the closure of  German holiday airline Germania has prompted concern among Paphos tourism stakeholders who fear the impact on tourist arrivals from a promising market.

And the Cyprus News Agency said that the airline had carried 50,000 passengers to and from Larnaca and Paphos Airports in 2018 and had been expected to bring as many in 2019.

Germania collapsed on Tuesday after it failed to secure financing to meet a short-term cash squeeze and said it would cancel all flights immediately.

The insolvency of Germania, which carried around 4 million passengers each year, follows on from the failure of Germany’s second-biggest airline, Air Berlin, in 2017, and underscores the turbulence in the European airlines industry.

The airline had been operating six flights a week to Paphos from five different airports in Germany  — a market that has shown an encouraging increase in business, philenews reported.

Marios Vasiliou, a member of the Paphos branch of the Cyprus Hotel Association told the news site that the closure was a negative development which would have serious repercussions on Paphos given the fact that Germania has been flying to Paphos for several years.

“The closure of Germania is another worrying link in the chain of airline closures of recent years which significantly affect the economy,” he told philenews.

The Cyprus News Agency said the airline had operated flights to both Larnaca and Paphos airports for the past four years.  This winter, the airline operated flights to Paphos from Berlin, Hamburg, Dusseldorf and Nuremberg — carrying about 700 passengers a week, the news agency added.

It added that no passengers are expected to be stranded here following the closure. Around 80% of passengers travel through tour operators who are making alternative arrangements.

Citing sources from airport operator Hermes, the Cyprus News Agency said that efforts are underway to find alternative airlines to service the routes that have been lost.

Germania‘s 37 aircraft mainly flew German sun-seekers to more than 60 destinations in Europe, North Africa and the Middle East. It said all flights had been halted overnight after it filed for bankruptcy late on Monday.

Read more

https://in-cyprus.com/germania-airline-goes-bust-and-cancels-all-flights/

 

 

Top Stories

Wanted for breaking and entering and theft (see images)

Police are looking for the person depicted in the photos, in the context of the investigation of a case of burglary and theft, an...

A controlled return to sports post-quarantine for fans…

A lengthy announcement has been issued by the Ministry of Health, which includes all the instructions in view of the new season in sports....

Clarifications over pandemic’s state of play in breakaway North Cyprus

The Greek-Cypriot side will ask for clarifications and information on four issues during the upcoming meeting of the bi-communal Technical Committee for Health which...

Weddings on hold, professional event planners in despair

The Pancyprian Association of Professional Events (PASYEPEK) demands that the holding of open weddings, baptisms and other events without restrictions be re-instated again starting...

Paphos brawl over various things not moved in time

A 68-year-old man was arrested in Paphos and then charged formally to be summoned to court in connection with an on-going investigation including grievous...

Taste

Halloumi cheese fingers

Ingredients Serves: 2 1/2 tablespoon olive oil 175g (6 oz) halloumi cheese, cut into sticks 1 dessertspoon lemon juice 1/4 teaspoon dried oregano freshly ground black pepper to taste Method Prep:5min ›...

Koupes (cracked wheat pies) with mushrooms

Ingredients: For the dough: 1½ cup bulgur wheat 2 cups water 1 tsp. salt For the filling: 250gr. mushrooms, finely chopped ½ cup of olive oil 2 big onions, coarsely chopped 1...

Fried zucchini balls with halloumi

Ingredients: 6 medium zucchinis (approximately 1kg) 1 small onion, grated 1 large halloumi (about 250gr.), grated ½ cup simple flour 2 tsps. fine lemon zest 2 big eggs 1 tbsp. fresh...

Rocket salad

Ingredients: 4 cups rocket leaves, rinsed and dried 1 cup cherry tomatoes 1 cup pomegranate seeds 1 red bell pepper ½ cup croutons 2-3 light cheese slices (grated) salt ½ of a...