Blue Air

[jfy1999]

Blue Air has successfully applied for temporary bankruptcy protection.

Today, a judge approved a new plan for the struggling airline which will give it 18 months to restructure and generate revenues. The precautionary arrangement procedure is based on the principle of mutual benefit. The airline’s creditors will benefit more from a late repayment of a loan rather than the airline going bankrupt. The procedure will allow the airline to focus its spending on areas that will enable it to operate as normally as possible.

Romanian LCC Blue Air Seeks Insolvency Protection - Simple Flying

Romania’s low-cost airline, Blue Air, has been given a new lease of life after Bucharest’s municipal court approved…

simpleflying.com

 

[jfy1999]

EC approves Brussels Airlines, Blue Air state aid

The European Commission has approved state aid packages granted to each of Brussels Airlines (SN, Brussels National) and Blue Air (Romania) (BLA, Bucharest...

www.ch-aviation.com

Routes Online has reported that, having received the clearance of the aid package, Blue Air now plans to expand its Italian and Romanian networks in the coming months. The airline will grow its bases at Turin and Bacau to two and three aircraft, respectively, adding one unit at each of them. Out of Turin, Blue Air will focus on adding new routes within Italy and increasing frequencies on the existing ones. In turn, out of Bacau, it plans to add both domestic and international services.

 

[Ray Finkle]

Lets hope that Bacau - Birmingham is back on the agenda.