Gheorghe Racaru, aged 70, has decided to retire from the head of Blue Air, Romania’s biggest airline, and his successor as CEO is Marius Puiu, a former pilot and currently one of the four shareholders of the company, the group announced on Monday.
Racaru has had a 48-year long career in the aviation industry, and his name was associated with blue Air since the foundation of the company, in December 2004.
In August, Blue Air has changed its legal status, from limited liability company to joint venture. The company also changed its name to Blue Air Aviation.
According to the company, the move is part of the company’s long-term strategy to strengthen its position and become a powerful pan-European air operator.
For 2018, Blue Air Aviation estimates over 5.5 million passengers and a turnover of EUR 460 million, both of which are 10 percent more than in 2017.
The company currently employs 1,500 staff.
In 2016, Blue Air became the largest Romanian airline, surpassing for the first time the state-owned company Tarom by the number of passengers transported, a status which it maintains today.
Blue Air began operations on 13 December 2004, currently operating over 106 routes in Belgium, Cyprus, Denmark, France, Finland, Germany, Greece, Ireland, Israel, Italy, Norway, Great Britain, Portugal, Romania, Sweden and Spain.