Court Rules To Halt Insolvency Procedures Against Romanian Airliner Blue Air - Mediafax.ro

Court Rules To Halt Insolvency Procedures Against Romanian Airliner Blue Air

The Bucharest Court has halted insolvency procedures for low-cost Romanian airliner Blue Air, the company said Tuesday.

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Court Rules To Halt Insolvency Procedures Against Romanian Airliner Blue Air

The court sustained Blue Air's appeal and denied insolvencyclaims raised by Carpatair and Service Service ExcellenceSolutions. The ruling is final, the company said.

Blue Air general manager Sheriff Ussama told a news conferenceTuesday the company is doping better now than end last year.

In October 2010, the Bucharest Court sustained Carpatair andService Excellence Solutions's insolvency claims against Blue Airover a EUR30,000 debt.

Insolvency claims were filed mid-March 2010 and Blue Air paidoff its debt a few days later.

 

Carpatair vice-president Paula Ardelean said in October Blue Airwas supposed to address the court and have insolvency proceduressuspended after it paid off its debt.

Ussama said Blue Air suffered losses in terms of image becauseof insolvency claims.

The low-cost airliner, owned by businessman Nelu Iordache,operates over 50 European routes in 14 countries.

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blue air ,
insolvency