Blue Air might get new owner by October

Newsroom 19/09/2007 | 16:21

Blue Air held negotiations for some time with several investment funds and foreign companies for a long-term collaboration. Iordache said the negotiations with the Greek airline began in March, and a final decision should be made this month.
A press release from the company states that it is also considering listing on the Bucharest Stock Exchange.
In 2005, Blue Air had EUR 24 million in turnover and transported about 240,000 passengers. In 2006 it reached EUR 50 million in turnover and carried 443,000 passengers. The estimated turnover of the company for 2007 is EUR 80 million with 800,000 people transported.
Blue Air has a fleet of four Boeing 737 planes and plans to acquire another two Boeing airplanes of a bigger capacity by the end of the year.
Several low-cost flyers are currently operating on the market, including Wizz Air, SkyEurope, MyAir and Germanwings, while EasyJet is entering the market this week.

Roxana Mihul

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