March 25, 2019 / 11:10 AM / a month ago

Grounding of Boeing jets contributed to Germania failure - liquidator

March 25 (Reuters) -

* Insolvent German airline Germania will be wound down after all suitors backed off, liquidator Ruediger Wienberg says.

* “We literally rolled out the red carpet for interested parties,” Wienberg is quoted in a statement.

* The main issue was the timeframe of less then two months to find a solution, Wienberg says, citing suitors.

* The airline also could not pay its leasing rates, the liquidator says.

* The grounding of Boeing’s 737 MAX aggravated the situation because it made aircraft even more scarce, according to the statement. (Editing by Louise Heavens)

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