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.

Princess Anne opens Jersey Zoo gorilla enclosure
Tarifa Jet and Caesarea Trader return to service
Jersey Post returns to profit
Could harnessing the youth vote change the election?
Inclusive island-wide fundraising challenge asks for 'moment of understanding'
Jersey ranks second in list of short-break destinations
HMS Tyne visits for Jersey Boat Show
Penalty shootout ends Jersey Bulls' promotion hopes