Carpatair (Timisoara, Romania) filed for the opening of insolvency proceedings on January 20 according to Daily Business.ro. The airline hopes the bankruptcy court-appointed trustees will allow the carrier to continue operations. The carrier reportedly has debts of over £75 million.  Carpatair reportedly is unable to pay its creditors including NAFA, BRD, Agroind Bank of Moldova, and Agerpress according to Realitatea.net.

The airline started operations in December 1999.

Read the full account (in Romanian): CLICK HERE

Copyright Photo: Ton Jochems/AirlinersGallery.com. The pictured Fokker 70 (F.28 Mk. 0070) YR-KMA (msn 11564) has since gone on to Alliance Airlines as VH-QQR.

Carpatair: 

Route Map: The company just added a new route to London (Stansted) on December 19, 2013.