Berlin-based logistics group Zeitfracht Group has recently announced it wants to buy shares in the Romanian low-cost airline Blue Air (the only low cost Romanian airline).
Zeitfracht Group has already applied for approval from the German Competition Authority (Bundeskartellamt) to conclude this deal.
Zeitfracht Group does not plan a complete takeover of Blue Air, but merely the “acquisition in the view of joint control”, German officials sources said.
Romanian low cost airline Blue Air has recently taken over, as part of a consortium, Moldavian flag carrier Air Moldova. It happened last year.
Civil Aviation Group, made up of Romanian Blue Air and two Moldavian citizens, offered to pay 1.2 billion Moldavian lei (EUR 61.5 million) for Air Moldova, Moldova’s public assets agency (APP) announced last autumn, according to „Transylvania Today” from Cluj-Napoca.
Currently, Blue Air operates 25 Boeing 737 aircrafts, from 300- to 800-series inclusive.
Blue Air is IATA Operational Safety Audit (IOSA) certified by the International Air Transportation Association (IATA) for its outstanding operational standards and it has full IATA membership.
Moreover, Blue Air’s CEO, the former pilot Gheorghe Răcaru, was awarded Romania’s Best CEO in 2018, by the economic magazine „Capital”.
Photo courtesy of Blue Air airline