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Author Topic: Jet Age 2 - Potential German Defaults  (Read 1420 times)

DenisG

  • Former member
Jet Age 2 - Potential German Defaults
« on: June 09, 2009, 03:12:35 PM »
There are two airlines in Germany that seem currently under enormous pressure by creditors to restructure or fail.

Aegean Blue based in Munich, operating 3 leased planes with a company value of -1,8 mio.

Eurolink based in Berlin/Tegel, operating 13 leased planes with a company value of -2,3 mio.

If Eurolink should go bankrupt, there would be a significant number of attractive routes becoming available. Other German and also European carriers might step into this opportunity and attempt to put a new face on the German market, which is currently seen not as competitive as other markets worldwide.

Denis

 

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