Augsburg Airways (IQ, Munich) is expected to be liquidated by October 31 of this year when its wet-lease agreements with Lufthansa (LH, Frankfurt Int'l) and Swiss (LX, Zurich) end according to a report by local newspaper Augsburger Allgemeine. Lufthansa had announced last year that it would not extend its wet-lease agreement with Augsburg Airways from the end of the upcoming IATA summer timetable period. Augsburg Airways currently operates seven Dash 8-400s on behalf of Lufthansa and one for Swiss as well as five EMB-195s for Lufthansa. The EMB-195s are expected to be transferred to Lufthansa subsidiary Lufthansa CityLine (CL, Munich).