Hamburg Airways (Hamburg) has initiated preliminary insolvency proceedings with a Hamburg district court appointing Sven-Holger Undritz the carrier's interim administrator. Undritz played a similar role in the 2010 bankruptcy of Hamburg Airways' predecessor, Hamburg International (Hamburg).
Since suspending operations late last month, the airline has been in talks with creditors and potential investors - among which Poland's Enter Air (E4, Warsaw Chopin) is rumoured to be part of - in an effort to find a way out of its current financial quagmire.
Should a viable solution be found, the German civil aviation authority (Luftfahrtbundesamt - LBA) will reinstate the carrier's suspended Air Operators Certificate (AOC) paving the way for it to resume operations.
