Blue Air changes its name to Blue Air Aviation and takes another step towards the stock market
Earlier this month, Blue Air, the largest Romanian airline, changed its legal organization form from Limited Liability Company into a Joint Stock Company. Also, the company name, Blue Air - Airline Management Solutions SRL, has been changed to Blue Air Aviation.
On August 9, Blue Air announces the change of name in Blue Air Aviation. At the same time, the legal organization form from SRL to SA was changed. The change announced by Blue Air is part of the company's long-term strategy to consolidate its position and become a powerful pan-European air operator.
One of the best known Romanian brands, Blue Air estimates for 2018 over 5,5 millions of passengers and a turnover of 460 of millions of euros, both indicators increasing by 10% compared to the year 2017.
Blue Air Aviation
The Blue Air team has about 1.500 employees, of which over 800 are staff navigators. In the year 2016, Blue Air became the largest Romanian airline, surpassing for the first time the state-owned Tarom company by the number of passengers carried, a status it maintains today.
We believe it is also a step towards listing on the stock market or looking for a strategic lender / partner. In the summer of 2017, the general manager of the company, Gheorghe Racaru, stated that Blue Air is preparing for listing, but it is a difficult process and can take up to 3 years.
Currently, Blue Air has 10 operational bases, in: Bucharest, Bacău, Cluj-Napoca, Constanta, Iasi, Larnaca, Liverpool, Sibiu, Turin and Alghero. It flies on 106 routes from Europe and the Middle East.
In the over 13 years of activity, Blue Air carried over 21 millions of passengersand in the year 2017 carried 5.061.790 passengers. For 2018, as I wrote above, estimates show passenger traffic of about 5.5 million.
The Blue Air fleet counts the 29 of Boeing 737 aircraft, the 15 being the 737-800 type. In 2017, Blue Air placed orders for NO aircraft Boeing 737 MAX 8 type, which will be delivered between 2019 and 2021.