Insolvent Small Planet Airlines Germany has found a buyer

Photo: Alf van Beem

Small Planet Airlines Germany, a charter airline which had recently filed for insolvency and suspended operations, has found a buyer with SF Aviation Holding.

The two companies have already signed a takeover agreement, tourism news agency fvw reported on Friday.

Since Small Planes Airlines Germany is currently not operating any flights and had already laid off most of its workers and aircraft, the charter airline will only be able to operate with one or two Airbus A320-Family aircraft during this winter season, compared to eight in summer 2018. It has to restart normal operations within the next six months, otherwise its Air Operator Certificate (AOC) will be permanently revoked.

SF Aviation Holding is the Amsterdam-based parent company of Belgian regional and leisure airline VLM.

In addition to the Dutch company, Turkish Onur Air also showed interest in buying Small Planet Airlines Germany, reports said.

The Small Planet brand consists of three different carriers among its German branch. Small Planet Airlines (Lithuania), Small Planet Airlines Poland, both are currently undergoing a restructuring process as well, and Small Planet Airlines Cambodia.