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Latest news

Funds acquire a 50% stake in Romania's Animawings

Three institutional investors, including two Romanian funds and one from Slovakia, have acquired a 50% stake in Animawings (A2, Bucharest Henri Coanda). The transaction, whose value was not disclosed, remains subject to regulatory approvals.

The new shareholders are BT Asset Management SAI, part of Banca...

Three institutional investors, including two Romanian funds and one from Slovakia, have acquired a 50% stake in Animawings (A2, Bucharest Henri Coanda). The transaction, whose value was not disclosed, remains subject to regulatory approvals.

The new shareholders are BT Asset Management SAI, part of Banca Transilvania Financial Group, Slovakia-based Winners Holding Investments, and Bucharest stock market-listed EVERGENT Investments.

Founders Marius Pandel and Cristian Pandel will remain shareholders of the airline, with the former staying on as the CEO.

"This moment represents much more than a financial transaction - it confirms that the project we have built has substance, direction, and long-term potential. We have chosen to grow alongside investors who understand that AnimaWings is not just an airline, but a project of national significance," Marius Pandel said.

The airline was initially launched as a joint venture of Aegean Airlines and Memento Group, a Romanian-owned travel holding headquartered in the Netherlands. The Greek carrier initially owned a 25% stake, but took a majority stake of 51% in 2021, before divesting entirely two years later.

Animawings' fleet now comprises five A220-300s and two A320-200s. The airline aims to expand its fleet to 18 aircraft by the end of 2027, building on the A220 fleet. Its growth comes amid the perennial struggles of loss-making flag carrier TAROM, which is now in EU-approved restructuring and has its fleet capped at 14 aircraft.

AOC of Bestfly Aircraft Management Aruba revoked

The Department of Civil Aviation of Aruba (DCAA) has revoked the air operator's certificate (AOC) of Bestfly Aircraft Management Aruba (BFY, Aruba) on May 11, saying it was a regulatory enforcement action taken in the interests of aviation safety and compliance oversight, according to an official statement seen by Corporate Jet...

The Department of Civil Aviation of Aruba (DCAA) has revoked the air operator's certificate (AOC) of Bestfly Aircraft Management Aruba (BFY, Aruba) on May 11, saying it was a regulatory enforcement action taken in the interests of aviation safety and compliance oversight, according to an official statement seen by Corporate Jet Investor.

The certificate had been suspended on May 5 pending further regulatory review and oversight actions. “This occurrence reflects the DCAA's commitment to maintaining the highest standards of aviation safety, operational oversight, and regulatory compliance in accordance with Aruba's civil aviation framework and international aviation standards,” the authority said.

In a statement shared with ch-aviation by Bestfly founders Nuno and Alcinda Pereira, they said the company had decided to cease AOC operations in Aruba after a period of evaluation, stressing that the request to withdraw the certification was initiated by Bestfly and was not imposed by the DCAA.

“On May 8, 2026, Bestfly informed the Minister of Transport of this decision and requested the withdrawal of the AOC. By letter dated May 11, 2026, the Minister honoured this request. Bestfly believes that this decision represents the best course of action for the company, clients, vendors, and employees,” the statement continued.

As a result of the revocation, aircraft previously operated commercially by Bestfly Aircraft Management Aruba were transferred to private operations.

ch-aviation research shows the company's active fleet comprises two Global Express jets, a Global 5000 that entered service on May 3, a G450, a G550, and an E175 added in mid-2025 and deployed on group charters for the oil and gas industry. All aircraft were operated under Bestfly Aircraft Management Aruba's 'BFY' code until the AOC suspension and have since been active using their registration as a callsign.

Other aircraft currently inactive include a Citation Excel parked at Luanda 4 De Fevereiro since December 14, a G450 stored at Fort Lauderdale Executive since March 2023, and two G550s, one parked at Riga since November 27 and the other stored at Vienna since March 2024. The status of one Learjet 45 remains unknown.

The company retired a E190 in mid-2025, with plans to use the aircraft for scheduled Caribbean operations. Later in 2025, Bestfly Aircraft Management Aruba phased out a B737-700(BBJ), followed by an ATR72-600 in early 2026. The company also operated other executive jets on behalf of third parties, including a Falcon 900B for Jetstream Aviation Congo.

Bestfly Aircraft Management Aruba is part of Angola-based Bestfly. The group offers aircraft management, charter, ACMI, PSO operations, and ground handling services.

In Angola, Bestfly retired the two 13-year-old ATR72-600s it operated. One had been parked at Luanda 4 de Fevereiro since January 2025, while the other left the fleet in mid-April. Both were reregistered in Guernsey and the Isle of Man in early 2026 and are now parked at Johannesburg O.R. Tambo. It remains unclear whether Bestfly currently operates any aircraft.

The group further comprises Bestfly Cabo Verde. It is likewise unclear whether this unit operates any aircraft, as an ATR72-600 has been stored at São Vicente since September 2023.

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