Belgian-Romanian firm takes over low cost airline Blue Air
Belgian-Romanian Airline Management Solutions recently won the bid to buy Romanian low cost airline Blue Air for €30 million, business site Romania-Insider reported. The winner is controlled by Belgian Maxi Tours and two Romanian shareholders, according to Casa de Insolvenţă Transilvania, the judiciary administrator of Blue Air. The winner will have to receive the approval of the company’s creditors before the business takeover. The deal includes the brand, know-how and sales platform, but not Blue Air’s assets.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.