Romania’s Dan Air files for court-supervised restructuring

Romanian carrier Dan Air initiated creditor protection proceedings in a Bucharest court on October 22nd, marking the second airline within Romania to seek insolvency assistance recently. This move follows a similar action taken by Animawings three weeks prior, indicating growing financial difficulties across the Romanian aviation sector. The request formally initiates insolvency proceedings with the court overseeing the process. Dan Air's decision underscores escalating challenges faced by airlines operating in Romania. Industry observers anticipate further developments as the restructuring unfolds and its impact is assessed.