“We no longer expect to have other reschedulings or cancelations except for those occurring as a result of notifications from airports about flight safety,” says Cristian Rada, the main shareholder of Blue Air, who took the position of CEO of the airline as of July 11, following the resignation of Steven Greenway for personal reasons.
Consumer protection authority in June announced that Blue Air had cancelled more than 11,200 flights in April 30 – June 15, 2022, for which more than 180,000 bookings had been made and more than RON66.5 million paid.
In February, Blue Air started the preventive composition procedure in Italy, as well. This operation is particularly important for the restructuring of Blue Air and ensuring smooth operation in the future, starting with the 2022 summer season.
Cristian Rada is the main shareholder of Airline Investment group and of Blue Aviation S.A. He joined Blue Air as a first officer in 2007 and bought 33% in Blue Air in 2013 after the auction held by insolvency firm CITR as part of the insolvency process of the Romstrade Group.
He became the main shareholder of Blue Air in April 2019,
(English version by Loredana Fratila-Cristescu)