Romanian low-cost airline Blue Air went bankrupt. The Bucharest Tribunal accepted the company’s request on March 21, according to an official announcement on the court’s website, cited by Finance newspaper.
Several names are on the list of creditors, including the Romanian Air Traffic Services Administration – ROMATSA, Air Claim, Avram Iancu International Airport in Cluj and several individuals.
Air Claim announced in early March that it had filed for bankruptcy proceedings against Blue Air, saying it still had €85,000 to recover from the airline.
Blue Air suspended flights in early September 2022 and has not been able to resume operations. The company said at the time that it was forced to take this decision after the local environment ministry blocked all of its bank accounts. According to Ziarul Financiar, the company accumulated debts of 230 million euros in September last year, which does not include the money it has to return to customers whose flights were canceled in the same month.
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We recall that at the time, the Romanian Consumer Protection Agency announced that it had notified the private airline of a fine of 10 million lei (2 million euros) issued for the flights canceled from June 15 to September. More specifically, more than 150,000 users from 23 member countries of the European Union were affected.
The president of Romania’s CZP, Horia Constantinescu, criticized the airline for running promotional campaigns despite the problems it is facing, Bursa.ro reported.
Blue Air is the largest Romanian airline by number of passengers carried, with an ultra-low-cost (ULC) business model and an approach focused on passenger needs.
The company operates Boeing 737 aircraft. In its 16 years of operation, Blue Air has carried more than 32 million passengers and flown over 340 million kilometers. The airline is IATA Operational Safety Audit (IOSA) certified by the International Air Transport Association (IATA) for outstanding operational standards and is a full member of IATA.
Source: Blue Air
A flight on Blue Air
