Air travel is showing signs of strain worldwide.
With jet fuel prices struggling to come down for eight months now, the more fragile carriers and those operating on a low-cost model are the most exposed.
The examples are numerous, from Volotea to JetBlue, including Animawings.
At the beginning of October, the Romanian carrier announced its intention to pursue a judicial restructuring procedure, while suspending its flights until October 25, then extending the suspension until November 15.
After an initial unsuccessful request, the Bucharest tribunal decided to place Animawings under judicial administration, at the request of its management.
The aim was to shield the company from its creditors.
With jet fuel prices struggling to come down for eight months now, the more fragile carriers and those operating on a low-cost model are the most exposed.
The examples are numerous, from Volotea to JetBlue, including Animawings.
At the beginning of October, the Romanian carrier announced its intention to pursue a judicial restructuring procedure, while suspending its flights until October 25, then extending the suspension until November 15.
After an initial unsuccessful request, the Bucharest tribunal decided to place Animawings under judicial administration, at the request of its management.
The aim was to shield the company from its creditors.
Animawings has 10 days to declare its intention to restructure
“The priority of this first step is to conduct a rigorous analysis that will underpin the assessment of the company’s prospects and the options available within the framework of the procedure.
Depending on the conclusions of this analysis, the necessary measures and the conditions for any potential restructuring of the activity could be evaluated“, said Paul-Dieter Cîrlănaru, one of Animawings’ judicial administrators.
The management of the company therefore has 10 days to declare its intention to restructure, under penalty of losing its right to administer and manage the company.
Creditors have until December 14 to file their claims for admission of debts. Among them are notably Banca Transilvania, air traffic control, and several Romanian airports.
In 2025, Animawings saw its revenue soar (multiplied by 2.7), but more notably its bottom line plunged. It swung from a small profit of €0.4 million to losses of €21 million.
Depending on the conclusions of this analysis, the necessary measures and the conditions for any potential restructuring of the activity could be evaluated“, said Paul-Dieter Cîrlănaru, one of Animawings’ judicial administrators.
The management of the company therefore has 10 days to declare its intention to restructure, under penalty of losing its right to administer and manage the company.
Creditors have until December 14 to file their claims for admission of debts. Among them are notably Banca Transilvania, air traffic control, and several Romanian airports.
In 2025, Animawings saw its revenue soar (multiplied by 2.7), but more notably its bottom line plunged. It swung from a small profit of €0.4 million to losses of €21 million.
