Blue Air Romania
Pilot of the Airwaves
Join Date: Jan 2004
Location: Close to the Med
Age: 74
Posts: 812
Likes: 0
Received 0 Likes
on
0 Posts
The airline is restructuring and has cut all domestic flights and reduced capacity by about a third.
per ZF English on 2 Sept 2010:
per ZF English on 2 Sept 2010:
Sherif Ussama, the general manager of Blue Air low-cost airline, is getting ready to lay off pilots and flight attendants, after having cancelled all domestic flights and cutting flight capacities by 33%, to the end of "boosting profit".
"The 1.5m-euro profit level of last year cannot be considered as encouraging. I hope that in the wake of all the steps we've taken profit will go up. The crisis is strong and we must adapt to the market situation, as everybody is suffering during this crisis period," stated Sherif Ussama, 37, who took over the company's reins this year.
"The aircraft fleet restructuring will be followed by flight personnel layoffs. For the time being, I cannot specify how many people will leave the company," said Ussama.
Blue Air has 780 employees at present, of whom 107 are pilots and 153 flight attendants, according to the latest data. Should the company decide to make one third of employees redundant, 35 pilots and 50 flight attendants are likely to leave, according to ZF estimates.
"We will downwardly revise passenger and turnover targets in the wake of restructuring steps. The second half does not seem promising, we will have an estimate after completing the restructuring plan," Ussama said.
"The 1.5m-euro profit level of last year cannot be considered as encouraging. I hope that in the wake of all the steps we've taken profit will go up. The crisis is strong and we must adapt to the market situation, as everybody is suffering during this crisis period," stated Sherif Ussama, 37, who took over the company's reins this year.
"The aircraft fleet restructuring will be followed by flight personnel layoffs. For the time being, I cannot specify how many people will leave the company," said Ussama.
Blue Air has 780 employees at present, of whom 107 are pilots and 153 flight attendants, according to the latest data. Should the company decide to make one third of employees redundant, 35 pilots and 50 flight attendants are likely to leave, according to ZF estimates.
"We will downwardly revise passenger and turnover targets in the wake of restructuring steps. The second half does not seem promising, we will have an estimate after completing the restructuring plan," Ussama said.
Pilot of the Airwaves
Join Date: Jan 2004
Location: Close to the Med
Age: 74
Posts: 812
Likes: 0
Received 0 Likes
on
0 Posts
Towerman, given your occupation, you or your employer obviously have a vested interest here and are simply putting your views in an attempt to sway others. Certainly you are quickly in the know on this one...too quick one could say.
Could you be connected to the lessor who has not accepted the restructuring ?
Could you be connected to the lessor who has not accepted the restructuring ?
Thread Starter
Join Date: Jan 2004
Location: Surrey
Posts: 129
Likes: 0
Received 0 Likes
on
0 Posts
IB4138 - Let me state quite openly and truthfully that NO, I am not connected to any Lessor. I am an Industry Professional that finds oneself advising many sectors of the industry and this includes airline bankruptcy and related issues. I do not state views or opinions on this forum, only facts.
Join Date: Sep 2007
Location: Brussels
Posts: 145
Likes: 0
Received 0 Likes
on
0 Posts
Blue Air fly PSR-CRL-PSR on behalf of Flyonair, on friday and sunday during the summer. The flight is advetised as nearly 3 hours late today, but is it flown by Blue Air or by a substitute, I don't know.
Join Date: Jan 2008
Location: Switzerland ... oh wait: Swaziland
Posts: 797
Likes: 0
Received 0 Likes
on
0 Posts
1-1 aircraft seized in LTN and BVA last week. Blue Air announced fleet cuts from 11 to 6 by October. All domestic flights cancelled and 2 bases (Larnaca and Sibiu) closed. First aircraft (B738 YR-BIF) already ferried to SNN yesterday on return to lessor. A Jetran Air MD-82 and a Medallion Air MD-83 are flying for them now.
Last edited by TBSC; 15th Sep 2010 at 11:31.
Join Date: Sep 2007
Location: inside of a pretty bustard
Age: 53
Posts: 263
Likes: 0
Received 0 Likes
on
0 Posts
Blueair has to pay to Carpatair 90.000 euros.........Decebal Hotel in Bacau Romania, has been waiting since last year the rooms bill to be paid by Blueair, Baneasa Airport in Bucharest too...........so ....not good point for them.........
Join Date: Oct 2006
Location: southern spain
Posts: 1,986
Likes: 0
Received 0 Likes
on
0 Posts
Dublin Flight
It was either operated by a Medallion Air or Jetran International Airways who both use MD-80s as these aircraft have apparently been into Luton recentlyon Blue Air services.
Pilot of the Airwaves
Join Date: Jan 2004
Location: Close to the Med
Age: 74
Posts: 812
Likes: 0
Received 0 Likes
on
0 Posts
YR-BIB was in PRG just over 2 hours ago.
I think you will find YR-BID is at Lasham, returned to ILFC on 04.09.10. and YR-BIF is in Shannon. That is why the two MDs are operating at the moment, covering these two aircraft, until the end of the summer season in October, when fleet reduction is planned.
I think you will find YR-BID is at Lasham, returned to ILFC on 04.09.10. and YR-BIF is in Shannon. That is why the two MDs are operating at the moment, covering these two aircraft, until the end of the summer season in October, when fleet reduction is planned.
Last edited by IB4138; 9th Sep 2010 at 13:58.
Join Date: Jan 2008
Location: Switzerland ... oh wait: Swaziland
Posts: 797
Likes: 0
Received 0 Likes
on
0 Posts
Airline reported to be up for sale as parent company is undergoing insolvency troubles.
With owner in jail and parent company insolvent, Romania?s low cost airline Blue Air is up for sale
With owner in jail and parent company insolvent, Romania?s low cost airline Blue Air is up for sale
