Fri, Jan 11, 2013
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.
Will Offer Significant Performance Boost For Sonex Aircraft Sonex Aircraft announced at a press and customer briefing Sunday morning that orders are now being accepted for the long>[...]
MVP.Aero Introduces What It Calls The Worlds 'Most Versatile Plane' A new sport plane that is designed to operate from runways, water, and snow and ice was introduced Sunday aftern>[...]
OSH2014 Sponsor: Bendix-King by Honeywell The history of the Bendix name runs parallel to the development of King Radio until the mid-1980s, when the Allied Corporation purchased B>[...]
Aviation Modifications Leaders -- Unique Solutions For Critical Applications During two decades of designing, engineering and installation of Satcom systems with Honeywell (Allied >[...]
LONG-TIME ANN Sponsor, ForeFlight, Provides GREAT Guidance For Oshkosh 2014! ForeFlight was founded in 2007 by aviation entrepreneurs who set out to build elegant, high-performing >[...]