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Infinexa, a Romanian entrepreneurial company specializing in restructuring and financing distressed businesses, with €200 million in assets under management, announces the commencement of bankruptcy proceedings for Blue Air Aviation S.A.
“The decision to initiate bankruptcy was made following the inability to secure an investor, despite significant efforts made in this direction by Blue Air’s management as well as its majority shareholder. A series of uncertainties had built up, leading to continuous losses, and it became necessary to act in order to contain them. “Bankruptcy is the fairest solution for protecting the interests…