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Romania’s Carpatair to restructure under bankruptcy protection

January 30, 2014

http://atwonline.com/Romanian regional carrier Carpatair has been given the legal go-ahead to restructure under bankruptcy protection.The company blamed €30 million ($41 million) in legal damages it has been charged as a key reason for filing for insolvency. The legal disputes arose out of anticompetitive practice acusations leveled at Timisoara Airport, Carpatair’s home base, that are being investigated by the European Commission, local

The text of this article has been partially taken from the publication:
http://www.romanianewswatch.com/2014/01/romanias-carpatair-to-restructure-under.html
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