The administrators of the small German charter airline, Small Planet Airlines have told the media they are hopeful of a deal from prospective purchasers after a debt restructuring process has been completed.
The administrator told the Reuters news agency that there was a good chance of a deal for the insolvent company that has a fleet of 9 aircraft and employs nearly 400 people. “Talks are going on with investors, and they are now being intensified under new conditions,” Joachim Voigt-Salus, the administrator told Reuters.
Small Planet, mainly operates flights to the top Mediterranean holiday destinations carrying holidaymakers and tourists and filed for insolvency earlier this week in a bid to keep the flying programme operational while a buyer could be found.
The airline had massive debts, however, “Now the question is whether we can cut these liabilities through the insolvency process so that a new investor can take off again with Small Planet.” Voigt-Salus said.
This only affects the German Small Planet Airlines, not the Lithuanian parent company, the Small Planet Group.
