Hamburg-based airline Tel Aviv Air GmbH has filed for bankruptcy, reports WirtschaftsWoche. Hamburg lawyer Dietmar Penzlin, partner at the law firm SJPP, has been appointed as the company's provisional insolvency administrator.
"Unfortunately, for technical reasons, until 21.05. no flights will be operated,” says the airline’s website.
The company only started operations at the beginning of March with the first flight from Hamburg to Tel Aviv and was founded with the aim of connecting the cities non-stop again.
According to the company behind Tel Aviv Air, Hamburg travel agency owner Shlomo Almagor and Paul Scodellaro, former sales manager of the airline Germania, the company had chartered only one aircraft. It is still unclear why the company filed for bankruptcy just a few months after it started.