Indebted Air Moldova sold to Romanian group for US$71m
The Moldovan govt says loss-making Air Moldova has been sold to a Romanian group for MDL1.2b (US$71m.) The Public Property Agency said Tuesday that Civil Aviation Group paid $2.96m to Moldova's state budget. The remaining money from the purchase will go toward covering debts that were sold to prevent the airline's bankruptcy. Air Moldova was founded in 1983 and has flights to 33 destinations. The group said it would keep Air Moldova's status as the national airline. The new owners also plan to launch 7 new routes next year and 4 more in 2020. The Civil Aviation Group includes Romanian low-cost airline Blue Air and two Moldovan associates. One is co-owner of AMS Airlines, an air cargo company in Georgia. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-03/unaligned/indebted-air-moldova-sold-to-romanian-group-for-us-71m
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Indebted Air Moldova sold to Romanian group for US$71m
The Moldovan govt says loss-making Air Moldova has been sold to a Romanian group for MDL1.2b (US$71m.) The Public Property Agency said Tuesday that Civil Aviation Group paid $2.96m to Moldova's state budget. The remaining money from the purchase will go toward covering debts that were sold to prevent the airline's bankruptcy. Air Moldova was founded in 1983 and has flights to 33 destinations. The group said it would keep Air Moldova's status as the national airline. The new owners also plan to launch 7 new routes next year and 4 more in 2020. The Civil Aviation Group includes Romanian low-cost airline Blue Air and two Moldovan associates. One is co-owner of AMS Airlines, an air cargo company in Georgia. <br/>
