Blue Air Aviation’s officials did not return ZF’s calls for comment on the news by press time.
Blue Air Aviation has recently gone through a series of shareholder changes, so two of the four entrepreneurs that relaunched the Blue Air brand after buying the business from entrepreneur Nelu Iordache exited.
Zeitfracht, a family business founded in 1927 bought WDL-Aviation company in 2017, which rents its planes to such airlines as Lufthansa, British Airways and Air France.
Blue Air and Zeitfracht started an air freight transportation partnership last year. A spokesperson for Zeitfracht told Welt the acquisition of a Blue Air stake was currently under review the German competition watchdog.
(English version by Loredana Fratila-Cristescu)