Hamburg Airways (Hamburg Helmut Schmidt) 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 Helmut Schmidt).
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.
