Low-Cost Romanian Carrier Cancels 737 Order | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 01.23.17

Airborne 01.23.17

Airborne 01.24.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.20.17

Airborne Hi-Def On YouTube

ADR 01.23.17

Airborne 01.23.17

Airborne 01.24.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.20.17

Fri, Jan 11, 2013

Low-Cost Romanian Carrier Cancels 737 Order

Blue Air Cites Financial Difficulties In Dropping Plans To Acquire Five Of The Aircraft

The Romanian low-cost airline Blue Air said in a statement Thursday that it has cancelled orders for five Boeing 737 aircraft it had ordered in 2008. The carrier's parent company Romstrade cited financial difficulties as the reason for scrapping plans to acquire the new aircraft.

The French news service AFP reports that the order was worth over $462 million to Boeing. "Blue Air in agreement with Boeing has cancelled an order made in 2008 for five Next-Generation 737 that were expected to be delivered between 2015 and 2016", the airline said in the statement.

Romstrade's CEO Nely Iordach was reportedly arrested in December on charges of fraud and money laundering. He is accused of taking millions of Euros earmarked for the construction of a highway in Romania and using some of the money to finance the low-cost airline. Such transfers are not allowed under European Union rules.

Blue Air said it is operating normally, and that the cancellation of the order would not affect the "activity of the airline." The airline's current fleet consists of six Boeing 737-400s and one 737-500.

FMI: www.blueairweb.com

Advertisement

More News

Airborne 01.23.17: PMA Approval Breakthrough, PBoR in Legal Ruling, R44 Cadet

Also: DJI Phantom 4, SpaceX Launch Vid, BasicMed AC, Rolls-Royce, Next F-35A Base, UAV Perched Ldg, K-MAX A proposed new compliance pathway for Parts Manufacturer Approval for manu>[...]

AMA Drone Report 01.23.17: AMA Expo West, Propel Star Wars Drones, Lily Folds

Also: Ready Made RC FPV Fest, ERAU Offering Drone Course, Second Drone Advisory Committee Meeting AMA Expo West was quite a transition for the ANN crew... who went from the insanit>[...]

Airborne 01.23.17: PMA Approval Breakthrough, PBoR in Legal Ruling, R44 Cadet

Also: DJI Phantom 4, SpaceX Launch Vid, BasicMed AC, Rolls-Royce, Next F-35A Base, UAV Perched Ldg, K-MAX A proposed new compliance pathway for Parts Manufacturer Approval for manu>[...]

Air Force COS Goldfein Addresses Priorities For The 21st Century

Outlines His Perspective For The Future Of American Air Power Air Force Chief of Staff Gen. David L. Goldfein outlined his perspective on the future of American airpower and how Ai>[...]

AeroSports Update: FAI World Glider Championship Results

The 34th FAI World Gliding Championships In Australia Ends On A High A hard two-week battle in Australian skies sees three new FAI Gliding World Champions win gold. Three new FAI G>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC