- published: 10 Aug 2013
- views: 2527
S.C. Carpatair S.A. is a privately owned Romanian regional airline based in Ghiroda, Timiș County, near Timișoara.
Carpatair was established in 1999 and started operations in February 1999 in Cluj-Napoca. The present title was adopted in December 1999 when Swiss and Swedish investors took a 49% stake in the company. The airline is owned by Romanian shareholders (51%) and Swiss and Swedish shareholders (49%)
The airline is an IATA member since 2006 and has recently successfully received its 5th IOSA (IATA Operational Safety Audit) registration. Carpatair employed 450 staff at March 2007. The current President and Chief Executive of Carpatair is Nicolae Petrov.
By 31 May 2013, Carpatair returned its first Boeing 737, all Fokker 70 and Saab 2000 to the lessor.
Carpatair filed for insolvency on 23 January 2014 with the aim to reorganize and continue normal operations.
~Romanian Law 85/2006, it is very similar to the US Chapter 11, providing the company a special legal status with the following forms of protection:
- Freezing debts accrued prior to the date of court approval of the application for insolvency protection (23.01.2014);
- Suspension of all court actions and of the enforcement against the company;
- Reorganization of activities as per the Reorganization Plan which will have to be approved by the creditors;
- The reorganization must be completed in three years, with one-year extension in certain conditions;
- The right of self-administration; the management led by Nicolae Petrov, President & CEO, continues to function normally under the observation of the administrator appointed by the court.
You gave me oh so much that I never wanted
You gave me everything I can't stand
You're like a ton of dust when I'm lost in the desert
A bag of bricks when I'm stuck in quicksand
You're a pool of fuel when my house is on fire
You're like a blindfold in the dark
You're like a glass of water when I'm drowning in the ocean
A bag of tricks when all I want is straight play
Vade retro inimice vade retro nunc - make my day say byebye
Vade retro inimice - there's one more bridge to burn
You and I were like angels in the sky
Till we both came crashing down
This you-and-I thing's over now
You and I were like angels in the sky
Till we set our wings on fire
This you-and-I thing's bound to die
Tell me whatever happened to our bed of roses
And why it turned into a bed of thorns
I'm the bird on the beach too bad that you to me
Are like the oilpollution coming to kill me
To me you're just as lovely as a nasty train-wreck
I'll miss you like a hole in my head
So do us both a favor go and hit the road jack
Please get lost cause I'm sick off fighting
Vade retro inimice vade retro nunc - make my day say byebye
Vade retro inimice - there's one more bridge to burn
You and I were like angels in the sky
Till we both came crashing down
This you-and-I thing's over now
You and I were like angels in the sky
Till we set our wings on fire
This you-and-I thing's bound to die
Thanks for absolutely nothing, thanks for absolutely nothing
Vade retro inimice vade retro nunc - make my day say byebye
Vade retro inimice - there's one more bridge to burn
You and I were like angels in the sky
Till we both came crashing down
This you-and-I thing's over now
You and I were like angels in the sky
Till we set our wings on fire