Low-cost airline Blue Air has filed for bankruptcy due to its inability to attract investors and continuing losses.
Liviu Brăteanu
International
Kevin Clark / Alamy / Alamy / Profimedia
Always see our news on Google
The court has opened bankruptcy proceedings for state-owned Blue Air after it failed to attract investors despite best efforts. Bankruptcy is considered the best solution to protect creditors and maximize debt recovery. Blue Air filed for insolvency in March 2023 and the European Commission concluded that the proposed restructuring plan was not viable, forcing Romania to recover illegal state aid of €33.84 million. All the company's assets will be sold to cover the debts.
Sources
Latest News
13:20
FIFA President, Gianni Infantino, has abandoned the plan to sell some tickets for the World Cup.
13:08
The stage of the works on the Express Road Brăila - Galați has exceeded 97%
12:55
Simona Radiș and Adriana Adam won the gold medal in double sculls at the European Championships in Varese.
12:43
A massive Russian attack targeted Ukraine, causing the death of 9 people and injuring 28, including 4 children. Kiev was the main target.
12:37
A road accident occurred on Dimitrie Leonida Street in Piatra-Neamț, involving two cars with six passengers.
See more news
NEWS ON THE SAME TOPICS
Current Affairs
Radu Miruță: TAROM will send the European Commission a new schedule for restructuring / "TAROM planes must fly"
EU
The EU Court rejects Ryanair's actions and confirms Italy's aid for airlines affected by Covid-19
Current Affairs
Liberty Galați could benefit from a new auction for the sale of assets, with a reduced starting price of 444 million euros
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
