Blue Air (Romania) (BLA, Bucharest Henri Coanda) has confirmed Zeitfracht Gruppe has taken a 10% shareholding in the carrier. Though the German logistics specialist has previously confirmed it has acquired a foothold in the Romanian budget carrier, it did not disclose the precise size of the stake acquired.
In a statement to local Romanian media clarifying the tie-up, Blue Air said negotiations began at the end of 2018, while the actual share transfer documents were signed on December 12, 2018.
Zeitfracht then sought the go-ahead from the German competition authorities which was duly granted this month, it said.
Blue Air did not state whether Zeitfracht has plans to increase its shareholding in the airline.
