The company's board of directors said that it was currently in negotiations with representatives of other responsible bodies to agree a mutually acceptable timetable for the winding down of its operations.
The planes to be retired are Eurowings' entire fleet of 17 small CRJ 200s and two CRJ 700s. According to the management, the CRJ 200s, which have only 50 seats, are no longer economically viable because of the changing air travel market.
Eurowings, a regional airline managed by Lufthansa, currently has a fleet of 34 planes and employs 1,257 people. Although Lufthansa only owns 49.08 percent of the company, it has an agreement with the majority stockholder Albrecht Knauf that allows it to run the company.