On Wednesday, Blue Air officials also had talks with representatives of low-cost airline Wizz Air, leader of the air travel market by number of passengers carried. Only the letters of intent have been submitted so far, with the actual offers to be submitted at the end of April. The company’s market value is not known yet, with the company still being evaluated, according to the latest information.
Low-cost carrier Blue Air, founded and owned by businessman Nelu Iordache, who is currently in prison on charges of money laundering at his construction company Romstrade, has this week been put up for sale, following a decision of the new board of directors, made up of Rudolf Vizental, representative of insolvency firm Casa de Insolventa Transilvania – Romstrade’s judicial administrator, Adrian Ionascu – Blue Air’s deputy general manager and Elenne Philip, Blue Air lawyer.
Blue Air last year carried 1.45 million passengers and ended the year with turnover of almost EUR150 million. The company’s main air carrier rival, Wizz Air, transported 2.7 million passengers last year and expects to carry 3 million passengers this year.
(English version by Daniela Stoican)