The Romanian Civil Aeronautical Authority also suspended the former Blue Air license, which was set to expire at the end of September.
Blue Air – Airline Management Solutions, led by Gheorghe Racaru, the former general manager of Blue Air, is now licensed until August 19, 2014.
In May this year, Airline Management Solutions, founded in April by four Romanian businessmen, took over Blue Air for EUR30 million, as well as commitments of EUR28 million. Racaru said in May he had been asked to stay on as general manager.
According to Trade Registry data, Airline Management Solutions was set up on April 17 and its shareholders are Teodor Cristian Rada (33%), Marius Mihail Puiu (33%), Tudor-Zamfir Constantinescu (17%), and Luciana Paunescu (17%). Paunescu owns tour operator Blue Air Travel and was the executive manager of Maxitours Belgium.
The chairman of the board of Airline Management Solutions, Constantinescu, is a former Blue Air pilot, as is Rada.