Carpatair S.A. is a privately owned Romanian charter and former regional airline headquartered in Timișoara.
History
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.[2]
The carrier had filed for Insolvency on 23 January 2014.[3] The statute used was Romanian Law 85/2006, which is very similar to the Chapter 11 status known in the USA, providing the company a special legal status.. Now the company has emerged from "reorganization" also, and continues to offer charter and