Blue Air Aviation S.A. has officially entered bankruptcy following a decision approved by its creditors and announced by Infinexa, the Romanian company appointed as judicial administrator. Infinexa, which specializes in restructuring and financing distressed businesses, cited the airline’s failure to secure a strategic investor and its mounting losses as key reasons for initiating the proceedings.
Despite efforts by both Blue Air’s management and its majority shareholder, the Authority for the Administration of State Assets (AAAS), no investor was found to inject the necessary capital to implement a reorganization plan, Infinexa announced. As a result, on June 2, 2025, the General Meeting of Creditors voted in favor of declaring…