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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.19.16

Airborne 09.20.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

Airborne Hi-Def On YouTube

Airborne 09.19.16

Airborne 09.20.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

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 09.22.16: NATA v Santa Monica, Xodiac And XaeroB, Sikorsky Early?

Also: Solo Circumnavigation, Redbird Migration, Hartzell Propeller, WACO Air Museum, Corporate Angel, Legion Pod, Delta Compensation Last week two fixed base operations located on >[...]

Airborne 09.23.16: GA Pilot Sues SFO, Drone Legalities, EAA Hall Of Fame

Also: Zenith Open Hangar Days, KSMO Nonsense, Recalled Devices, Piper M600, 800th TBM, NASAO, Commercial Space The pilot of the last piston airplane based at San Francisco Internat>[...]

Blue Angels Cancels Appearance At NAS Pax River

Team Has Mandated A Rest Period Every Two Months Following Fatal Accident The Blue Angels recently announced they will not be performing at the NAS Patuxent River Air Expo Oct. 29 >[...]

ANN's Daily Aero-Linx (09.24.16)

Women Soaring Pilots Association The WSPA was founded June 11, 1986 in Tucson, AZ. The charter meeting was the result of a year's effort and input by the pilots who attended the 19>[...]

ANN's Daily Aero-Term (09.24.16): Radar Service Terminated

Used by ATC to inform a pilot that he/she will no longer be provided any of the services that could be received while in radar contact.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC