Low-cost carrier Blue Air enters era of turbulence
October 2010 - From the Print Edition
Low cost Romanian airline Blue Air has returned five of its eleven planes to the suppliers and laid off 300 of its 800 employees. This was part of a restructuring strategy, following the decline in passenger traffic in the last year, according to the strategy and development director of the group, Gheorghe Racaru, as quoted by Ziarul Financiar. Blue Air’s transport capacity has dropped by 40 per cent in 2010 and the airline will cancel new destinations proposed for this year and several flights including those from Sibiu airport to London, Cologne and Thessaloniki.
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