Blue Air caught between investment fund negotiations or Stock Exchange listing

Blue Air, the leading low-cost airline on the Romania market, has been negotiating with various investment funds and foreign companies regarding a possible collaboration on the long term to develop the company, company officials have told HotNews.ro.

The negotiations have yet to bear results and the company keeps the option to list on the Stock Exchange.

For this year, company representatives forecast a business profit of 80 million euro and more than 800.000 passengers.

Blue Air marketing director, Florentina Ivan told HotNews.ro that once an official decision is made, the company will publicly announce it.

The Company’s management says that it wants a long term collaboration because even from the beginning the company witnessed an accelerated growth as it doubled its profits every year.

In 2005, Blue Air reported a turnover of 25 million euro and transported 240,000 passengers while in 2006 the sum doubled to 50 million euro to get to 80 million euro this year.

The low-cost companies operating in Romania Blue Air, My Air, Wizz Air, SkyEurope and Germanwings. Other European companies such as EasyJet and Ryanair announced their plans to enter the Romanian market.