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.
Every year, on the third Thursday of November, France celebrates the arrival of the Beaujolais Nouveau — the first wine of the harvest, young, fresh, and full of life. This joyful tradition has become a global symbol of conviviality, elegance, and the French art de vivre. In Bucharest, the celebration continues this year with an […]
The Romanian Football Federation (FRF) announced Bucharest’s candidacy to host the Europa League final in 2028 or 2029 at the National Arena, according to the FRF official website. The Europa League final represents a high-profile sporting event on a European scale. Istanbul will host the Europa League final in 2026, followed by Frankfurt in 2027. […]
Three cats from Romania received the top distinctions during the 2025 World Cat Championship held in Bucharest. Wild Forest’s Nordri, an imposing white Norwegian Forest Cat born in Romania, conquered the supreme title of 2025 World Champion, defeating over 750 cats from 35 countries. Nordri’s son, Wild Forest’s Quasar, aged 7 months, was also named […]
A report by the Romanian Court of Accounts, conducted between April and November 2024, which analyzed the organization and functioning of communes and small towns in relation to the population served, shows that, depending on the number of inhabitants, many towns and communes no longer meet the criteria for inclusion in their respective categories. According […]
An association of construction companies from Romania and Bulgaria has won the contract for building the first section of the A8 Târgu Neamț – Iași – Ungheni highway, with a bid of 4.76 billion (EUR 936 million). The contract for the 27-kilometer road can be signed within ten days if no appeals are filed. “The […]
The organizer of the march commemorating 10 years since the Colectiv club fire tragedy, Marian Rădună, was fined RON 3,000 (EUR 600) by the gendarmes because the demonstration exceeded 11:00 PM, the time set in the authorization. Approximately 200 people participated on Thursday, October 30, in the march commemorating 10 years since the tragedy at […]
