Published in the WELT (22/01/19). An article by Gerhard Hegemann. Translated by Zeitfracht.
The family-owned company Zeitfracht is expanding its airline business. According to WELT research, the Berlin-based company is planning to acquire a stake in the Romanian airline Blue Air. Recently, this airline has grown strongly.
The Berlin freight and logistics group Zeitfracht is now planning to enter the passenger aircraft business on a larger scale. According to WELT research, the company becomes a shareholder in the private Romanian scheduled and charter airline Blue Air, which was founded 14 years ago.
The Romanian airline has grown strongly in recent years and has a fleet of 29 Boeing 737 aircraft. In addition, eight modern Boeing 737 Max8 aircraft have been ordered which will be delivered gradually from the second quarter onwards according to the company.
According to the Bucharest-based airline, nearly six million passengers were carried in 2017. The airline also regularly flies to airports in Germany, such as Cologne/Bonn, Hamburg and Stuttgart.
For the Berlin-based Zeitfracht Group, the entry now registered with the Federal Cartel Office is a further expansion step in the passenger flight segment. In 2017, Zeitfracht already took over WDL-Aviation, based at Cologne/Bonn Airport, with three passenger and three freight models of the type British Aerospace BAe 146, which are in service with well-known airlines such as British Airways, easyJet and Air France. From March onwards, four further slightly larger Embraer E190 models will be added.
Thus, in future, Blue Air will also be involved, although last year it was already decided to cooperate in the cargo sector. A Zeitfracht spokesman did not want to give details “due to the ongoing proceedings” with the Federal Cartel Office. Specifically, the Authority announces: “Acquisition of joint control of Blue Air Aviation SA”.
Thus, it remains open how high the concrete share of Blue Air held by the Berlin-based family-owned company will be. As far as is known, Blue Air was recently owned by only a few private shareholders.
Picture: A Boeing of the Romanian low-cost airline Blue Air, Source: picture alliance / Wolfgang Minich