Blue Air Transport air, Bata renamed Sky Real Estate SA, entered into bankruptcy. Girgiu Court set the hearing on December 17, 2013 until the end of January to record the statements of claim so until 02/28/2014 to draw up the final table of the claims.
See this Court's decision Giurgiu: File 2696/122/2013
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Blue Air belongs to businessman Nelu Iordache, convicted in the first instance, to prison for embezzlement (6 million euros) to build the first section of motorway Arad-Nădlac-Portuguese Romanian association awarded Romstrade-MonteAdriano.
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Iordache, called "King of asphalt" is the owner Romstrade, one of the largest construction companies in Romania, the company entered into insolvency proceedings.
"Blue Air is out of work, only a few assets and debts paid. Currently we are in the process of asset inventory. These are to be sold to be covered liabilities" specified for Romania Libera, Emil Gros, associate coordinator of the Expert Insolvency firm appointed liquidator in case Bata Sky Real Estate.
Gros said that now nobody knows the number of those who enrolled in the list of creditors, but that from experience, the majority falls on the last day (not.I red. 31. 01.2014, according to the decision of the Court Giurgiu).
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He said the majority shareholder of the company is Romstrade company controlled by Nelu Iordache.
Blue Air was established in 2004, the first Romanian airline with 100% private capital. This was the first low cost airline in the country.
In 2007, Blue Air reached a record 1 million reservations.
Blue Air brand was taken over by the company Blue Air Airline Management Solutions, a company that still operates flights under this brand.