Low cost airline Blue Air to continue operations, challenge insolvency

Romanian airline Blue Air will continue to operate, either on its own or under a court-appointed administrator, and will submit a request for the suspension of the insolvency procedure on Monday, said Gheorghe Racaru, the parent group's strategy and development manager. Racaru said the court's case file contains proof that the company has paid its debts. Luana Stanciu, head of Blue Air's legal department, said the airline has challenged the court ruling to allow insolvency claims against the company and will file a request for the insolvency procedure's suspension on Monday. She added that Blue Air will take legal action against the people that attacked the company's image. Stanciu explained that, upon learning in March from the press that an insolvency claim had been filed by airline Carpatair against Blue Air, the company paid its EUR 30,000 debt within a few days. The same thing happened in May, when Service Excellence Solutions filed an insolvency claim against the airline, over a EUR 48,000 debt, which Blue Air also paid in a few days. According to Stanciu, other debts, to Club Zexe and Tarom, have been paid or will be paid shortly. She threatened legal action against the Court of Bucharest's spokesperson, who allegedly informed the press that Blue Air's debts amounted to EUR 200,000, when even taking into account the old debts, which have been paid, the total sum did not exceed EUR 80,000. Mediafax