Germany’s fourth-largest airline Germania is broke. On help from the state, the approximately 1000 employees can not hope, however. Economy Minister Altmaier wants to intervene. The situation was different than in the case of Air Berlin.
The employees of the insolvent airline Germania can’t hope for state help. “This is a case of application of the market economy”, said Federal Minister for economic Affairs, Peter Altmaier. Success and failure are part of the market economy. If the state “to save arbitrary” companies, there is “Misallocation”, and high economic and economic costs, warned the Minister.
Altmaier, head of the law, the refusal by stating that you haven’t also tried in the case of Air Berlin, to save the company. At the time, have only helped to stranded passengers have come back. In Germania it is a case of “a lot of begrenzterer Dimension,” said Altmaier. The vast majority of passengers could well be of tour operators and travel agencies helped.
According to the insolvency of the airline Air Berlin in the summer of 2017, the Federal government had granted the company a bridging loan, to the operation of the aircraft will initially maintain. At that time numerous Air-Berlin sat customers at airports outside of Germany.
Germania filed for bankruptcy
tagesschau 12:00 PM, 05.02.2019, Esther Neumeier, RBB
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