Christian Tour, which launched its own airline in 2020, of which Greeks from Aegean Airlines took over 51% two years ago, has the green light from the Competition Council to take over the company, AnimaWings. Christian Tour Holding S.A. received the green light from the Competition Council for the acquisition of the majority stake of 51% in the company AnimaWings Aviation S.A. formerly owned by Aegean Airlines. Thus, the airline AnimaWings becomes 100% Romanian, being fully owned by Memento Holding BV and Christian Tour Holding S.A. “We started this company in 2019 to realize a dream, that of having a completely Romanian airline. In 2020, having a collaborative relationship of over 15 years with Aegean, they joined the Animawings project to integrate their know-how, expertise and experience into the company, being the best regional air operator in Europe,” said Cristian Pandel, founder of Christian Tour Holding SA. Pandel did not disclose the value of the transaction, but says it is in the order of millions of euros. He also announced that he has plans to bring 12 aircraft to the company’s fleet in the next three years, the Airbus A220 and Airbus 320-200 NEO models. “The Airbus 220-300 aircraft is the star of the moment in the market with some unique features and performance. This state-of-the-art aircraft no longer exists in Romania, which is a first for our partners from Airbus, but worldwide it is in the fleet of large companies, such as Air France, AirBaltic, SWISS, Delta Airlines, ITA Airways, Egypt Air or Air Canada,” Christian Tour owner added.
Photon Energy and Hyperion Renewables have signed an engineering, procurement, and construction (EPC) contract for a 34 MW solar power plant in Săliște, Romania, with plans to expand the facility to 38 MW. Construction is set to begin in the third quarter of 2025, with commercial operations expected a year later. The project, developed by […]
The presidential elections in Romania on May 18 may mark the most important political change since the fall of communism in 1989, with two scenarios radically different: a thorough radical political reform of mainstream parties, complicated by tight economic constraints, and the rise of radical political entities that increasingly resemble the hard-right movement of the […]
Romanian leading tour operator Paralela45 announced the merger with Rainbow Tours Polonia, one of the largest players in Poland, and is counting on increasing its market share in the coming years, according to Economica.net. Paralela45 signed a preliminary agreement on the merger with Rainbow Tours of Poland on May 15. ...
Romania’s average net wage increased by 9.8% y/y to RON 5,457 (EUR 1,097) in the first quarter of 2025, according to data published by the statistics office INS. In real terms, the annual growth rate was 4.8% – significant in absolute terms but the weakest in seven quarters. The net wage in Romania leaped up […]
The European Commission could trigger the formal procedure of temporarily suspending European funds for Romania, including money from the Resilience Facility, in June, according to sources consulted by G4media.ro. The...
Hollywood actor Sebastian Stan and swimming champion David Popovici, two of Romania’s most prominent international figures, have called on Romanians to vote in Sunday’s presidential runoff, where independent candidate and Bucharest mayor Nicușor Dan faces George Simion, the leader of the far-right party AUR. Sebastian Stan, who won a Golden Globe for...
