The airline chartered to operate direct flights between Jersey and Tenerife this Spring has filed for insolvency.
Germania has ceased flying as of today.
The first holidays were due to depart Jersey this coming Saturday and continue through to April.
CI Travel Group, says it is contacting passengers and is working to find another a replacement airline.
CEO Robert McKenzie has told Channel 103 he is confident a deal can be reached with another carrier.
The firm will make a further announcement later today.

New Highlands head trained as Electrical Engineer before 21-year education career
The Boat Show is back at St Helier Marina
'Partnership Leads' appointed of new school grouping system
Businesses to get more money towards cost of training staff
Andium marks record year for new homes in Jersey
Princess Anne opens Jersey Zoo gorilla enclosure
Tarifa Jet and Caesarea Trader return to service
Jersey Post returns to profit