Bankruptcy and restructuring firm Infinexa has opened bankruptcy proceedings for Blue Air Aviation, following the low-cost airline's failed efforts to attract an investor, the judicial administrator said."A series of uncertainties had piled up that generated continuous loss and action was necessary to keep it in check. Bankruptcy is the fairest solution to protect the interests of creditors in the current context, and is intended to maximize debt-recovery chances," said Radu Tudor, senior partner with Blue Air's judicial administrator, as cited in the statement.According to the cited source, while Blue Air was in the monitoring period, the company's representatives and the State Assets Management Authority - which holds 75% of Blue Air's stake - had talks with potential strategic investors, but no agreement was reached on a capital contribution to allow the implementation of the reorganization plan.Under these circumstances, on June 2, 2025 the General Assembly of Blue Air Creditors approved the proposal of the judicial administrator to declare the company bankrupt, considering that this is the best solution to protect the interests of all parties involved.Bankruptcy provides the appropriate legal framework for capitalizing on the company's assets and for covering salary and budgetary claims (the Finance Ministry and the National Tax Administration Authority), allowing the correct distribution of the funds obtained to all entitled creditors, according to the law.Blue Air entered insolvency on March 22, 2023. The company entered the state's property, after the guarantee for the state aid received during the pandemic was executed.Infinexa is a Romanian entrepreneurial company that specializes in the restructuring and financing of companies in difficulty. Founded in 2022, it manages assets worth over 200 million euros and judicially administers companies such as Blue Air, Vivre Deco, Hidroconstructia, Angst.
The Solis Team, made up of 23 students and two faculty members of the Technical University of Cluj-Napoca, together with a representative of the Romanian Auto Registry, is currently representing Romania at the most prestigious competition in the world dedicated to vehicles powered exclusively by solar energy, the Bridgestone World Solar Challenge 2025. The competition […]
The most recent study conducted by Raiffeisen Bank in partnership with Appinio shows that 6 out of 10 Romanian employees are worried about job stability until retirement, with concern being higher among women and people over 40 years old. The labor market in Romania remains one where age can be both an advantage and an […]
Bucharest will host the second edition of AccessABILITY Expo next month, a three-day event dedicated to advancing inclusion for people with disabilities, the Romanian Diversity Chamber of Commerce (RDCC) announced. Organizers said the initiative aims to tackle Romania’s persistent gaps in employment and social participation for people with disabilities. The fair, running from September 18 […]
A Memorandum of Understanding on Capital Market Development was signed between the Ministries of Finance of Bulgaria, Croatia, Poland, Romania, Slovenia, the Slovak Republic, the Republic of North Macedonia, and the Ministry of National Economy of Hungary, according to Radio Romania. The memorandum regulates institutional cooperation for the development...
About 50,000 new mortgage loans were granted at a national level in the first six months of 2025, the highest level registered in the first semester in the last five years, according to a market analysis published by online broker Ipotecare.ro and mortgage lending company SVN Romania. The total value of the new granted mortgage […]
Music Gallery, the only exhibition in Romania devoted entirely to music, will embark on a national tour this fall, bringing an interactive “pop-up” experience to six cities across the country. The first stop will be Mega Mall in Bucharest, where the exhibition will run from September 4 to 14. Founded in Cluj-Napoca, Music Gallery blends […]
