Low-cost airline Blue Air has gone bankrupt, as neither its management nor its majority shareholder, the Romanian government, managed to attract an investor, Infinexa, a Romanian entrepreneurial company specializing in restructuring and financing companies in difficulty, announced on Thursday.
Romania's Finance Ministry raised RON1.7 billion from banks on Thursday (July 10), selling government paper in two auctions, at annual average yields of 6.85% and 7.31%.