Blue Air is investing EUR 55 mil in Baneasa and Bacau airports

Blue Air low-cost airlines will invest approximately EUR 55 mil. in Baneasa and Bacau airports over the next years, stated Gheorghe Racaru General Manager.

Racaru specified that EUR 45 mil. will be invested in George Enescu International Airport in Bacau for runway repairs, expanding platforms to provide parking spaces and aircraft ground maneuvers, developing a new terminal as well as providing the operating system for luggage at departures and arrivals.

Blue Air will also invest EUR 10 mil. in developing a new departures terminal on Aurel Vlaicu Baneasa Airport.

The manager of Blue Air stated that the company will have its own five airplanes in 2013, Boeing 737-800 and Boeing 737-900, ordered in 2008, valued at approximately USD 150 mil.

A measure taken by Blue Air to cut costs was operating with Boeing aircrafts of last generation. The present economic situation doesn’t have an impact on Blue Air activity and the company didn’t register occupancy decrease until now.

This year, the company plans to launch 13 new destinations in its summer schedule.

Blue Air also provides airline transport services for Romanian Postal Service, developing a platform on Henri Coanda International and Aurel Vlaicu Airports. The contract’s value is EUR 44.84 mil., VAT not included.

Blue Air forecasts a turnover of EUR 150 mil. for the current year and 25% increase of transported passengers’ number, up to 1.5 mil.

Sursa: Money Channel [25.05.2009], Wall-Street [25.05.2009]