November 2016: Bulgarian Eagle (BGR) was founded as a new aircraft-crew-maintenance-insurance (ACMI) carrier to increase Germania (GER)’s presence in the wet-lease business segment.
August 2017: News Item A-1: Germania (GER)'s new subsidiary, Bulgarian Eagle (BGR) has received its air operator’s certificate (AOC) from Bulgaria’s aviation authorities. Bulgarian Eagle (BGR) is a new aircraft-crew-maintenance-insurance (ACMI) carrier that was founded in November 2016 to increase Germania (GER)’s presence in the wet-lease business segment. According to (GER), 1 150-seat Airbus A319 will be based at London’s Gatwick Airport. The 1st aircraft bearing the Germania (GER) livery will initially operate on (GER) routes.
Germania (GER) (CEO) Karsten Balke said: “From the very start, wet lease was an important feature of (GER)’s operations, and now we are strengthening once again.” A large part of the (GER) fleet was used by other airlines on the basis of wet-lease arrangements. As these contract periods became increasingly shorter, the airline was unable to offer wet-lease options, given the other aspects of (GER)’s business model and structure.
Bulgarian Eagle (BGR) (CEO) Ralf Nagel said: “As our fleet expands, we can well imagine that in the future we will also make our services available to other airlines.” (GER) transports >2.8 million passengers per year from 20 European airports to >55 destinations within the continent, North Africa and the Middle East.
Together with its Swiss affiliated company, Germania Flug AG (GER) and Bulgarian Eagle (BGR), the airline currently operates 29 aircraft.