Overview
- The Romanian carrier said it has applied for a Sanierungsverfahren and has suspended all scheduled flights from 2 to 24 October while it seeks to reorganize its debts.
- Six new Airbus A220-300s were grounded and returned to lessors after recurring Pratt & Whitney engine problems and missed lease payments, leaving only two older A320s available to operate routes.
- A planned April investment by BT Asset Management, Winners Holding and Evergent Investments collapsed before the insolvency filing and triggered the acute liquidity shortfall the airline says forced the operational halt.
- Passengers with bookings in the affected period are being notified by email and offered refunds or rebooking, though the airline warns processing will follow legal rules and may be slow while insolvency issues are resolved.
- Creditors have lodged large claims, including about 11.5 million lei to Romania’s tax authority and airport recovery actions, and a first court hearing on 14 October will shape whether a reduced restart on 25 October can proceed based on aircraft availability.