Important airline cancels its Budapest flights, files for insolvency

The Romanian regional airline Air Connect has cancelled its flights between Bucharest and Budapest. Recently, one of the owners announced that it had filed for insolvency.

Air Connect started its flights from Bucharest and Cluj-Napoca to Budapest at the beginning of the summer timetable. These routes, with a few exceptions, were operated with wet-lease aircraft, with many flights running with significant delays or not departing at all, AIRportal reports. The connection to Cluj-Napoca had previously been discontinued.

In July, Air Connect announced that all their flights from Bucharest, including the two and later three weekly flights to Budapest, would be transferred to Băneasa – Aurel Vlaicu International Airport, the Romanian capital’s secondary airport. Recently, tickets for the Bucharest-Budapest route were no longer on sale and flights were cancelled.

According to the Romanian portal Boardingpass.ro, one of the airline’s shareholders filed a petition with the competent court last weekend to declare the airline insolvent. The parties’ statements suggest that a financial dispute with the other two shareholders may be behind this, AIRportal writes.

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