Tel Aviv Air (Hamburg Helmut Schmidt) opened insolvency proceedings on May 12, 2022, while at the same time suspending all flights through May 21.

"Together with potential investors, we are working under high pressure to be able to resume flight operations. We will inform immediately about further developments," the virtual carrier said in a statement.

The Hamburg District Court appointed Dietmar Penzlin, a partner in the SJPP law firm, as insolvency administrator.

Tel Aviv Air chartered a B737-800 from Poland's Enter Air (E4, Warsaw Chopin) to operate the 2x weekly route from Hamburg Helmut Schmidt to Tel Aviv Ben Gurion. After months of planning and delays, flights eventually began in early March 2022.

The virtual carrier was founded by Shlomo Almagor, an Israeli travel entrepreneur, and Paul Scodellaro, formerly a sales manager for Germania (ST, Berlin Schönefeld). Tel Aviv Air planned to initially connect Hamburg with Tel Aviv before expanding to other German cities, listing business travellers, tourists, and the Jewish diaspora among its potential customer base.