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AeroItalia signs MoU to buy Romania's AirConnect

AeroItalia (XZ, Rome Fiumicino) has signed a Memorandum of Understanding to acquire a 93.86% stake in Romania's AirConnect (KS, Bucharest Baneasa) for an undisclosed sum, cementing the airlines' existing partnership and confirming earlier rumours of a potential investment.

"The acquisition finalised today will allow AeroItalia to strengthen its presence in the Italian regional market and will strengthen our feeder capacity towards our Rome Fiumicino hub," President Marc Bourgade said.

However, the Romanian carrier has since told ch-aviation that "the contract for the sale and purchase of shares is being negotiated. Once signed, AeroItalia will have to pay the price to acquire the property of the parties." A spokesperson added that any potential impact on AirConnect's business model would be revealed only once the share transfer is complete.

The privately-owned Italian airline will likely acquire the stake from Iulian Bogdan Năstase, a former lawyer at Blue Air (Romania). According to Romania's BoardingPass.ro, Năstase had bought his shares in tranches over the last few months from Florin Necula, Tudor Zamfir Constantinescu,...

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