Carpatair makes EUR 5 million capital increase

The Swiss shareholders of Carpatair announced a social capital increase of EUR 5 million. The increase is meant to help finance the restructuring and modernizing program of Carpatair’s fleet.

“The decision of Carpatair’s shareholders to perform this capital increase was linked to a decrease in the number of flights from the Timisoara International Airport in favor of airports respecting and encouraging free competition,” said Nicolae Petrov, president and CEO of Carpatair.

The Swiss-capital Carpatair is headquartered in Timisoara.