The filing

Romanian airline Dan Air asked the Ilfov Tribunal to open insolvency proceedings on Thursday, 22 October 2026. The application went to the tribunal's first civil section under case number 3523/93/2026. It rests on article 66 paragraph (10) of Law no. 85/2014, which requires the court to examine a debtor's request urgently, within 10 days of filing at most, in chambers and without summoning the parties. As of the latest reports, the court had not set a first hearing date. The company says the filing aims at reorganising its business and debts while shielding it from creditors.

Why the company filed

Dan Air says the step follows difficulties with a small number of service providers. According to the company, those suppliers asked for full settlement of overdue amounts and made continued service conditional on payment. The company argues that insolvency protection is needed to block individual creditor measures that could disrupt its regular routes. It says it still has the backing of AVIATOR CAPITAL, the leasing company that owns the aircraft it flies, and of most of its suppliers. Passengers, the company says, will not be affected and the timetable will not change.

Operations and fleet

Dan Air currently flies two Airbus A320s from its own fleet, while an Airbus A319 is parked at Bacău. It runs scheduled services from two hubs: Henri Coandă airport in Otopeni, Bucharest, and George Enescu airport in Bacău. From Bucharest it flies, or plans to fly, to Dublin, Damascus and the seasonal destination Ibiza. From Bacău its network includes London, Dublin, Brussels, Milan, Turin and Bologna, along with routes to Barcelona and Madrid. The airline also operates flights for the Syrian carrier Fly Cham, which is based in Damascus.

Finances and debts

Financial filings for 2025, lodged with the Ministry of Finance, show revenue of about 224.2 million lei, up from 176.1 million lei a year earlier. The company posted a net profit of 11.6 million lei for 2025, after a loss of 10.9 million lei the year before. That profit sits alongside rising liabilities: total debts climbed from 90.2 million lei in 2024 to 126.3 million lei in 2025. Equity stood at minus 23.3 million lei, meaning the company's debts exceeded the value of its assets. Official data cited by the tax agency ANAF show Dan Air owed nothing to the state budget at the end of June 2026.

202490.2

2025126.3

2024

90.2 million lei

2025

126.3 million lei

Data from the article text

Company background

Dan Air was set up in 2017 by pilot Dan Iuhas under the name Just Us Air. It initially flew for other carriers, among them Transavia, TUI, Air Serbia, Wizz Air and AnimaWings. The company later took the Dan Air name and built its own scheduled network. It began regular flights from Brașov-Ghimbav airport in June 2023 and moved its regular operations to Bacău later that year. Dan Air was the first EU airline to resume scheduled flights to Syria after the fall of Bashar al-Assad's regime, and it appears on the member list of the International Air Transport Association.

Industry context

Dan Air is the second Romanian airline to seek insolvency this year. AnimaWings opened a judicial reorganisation procedure on 30 September, and the Bucharest Tribunal rejected its insolvency application. AnimaWings says its flights will stay suspended until 15 November 2026, inclusive, and its 2025 financial data reported to the Ministry of Finance show losses of about 111 million lei. Its chief executive, Marius Pandel, says the procedure is a way for the company to protect its business and get through a difficult stretch. The company points to weak purchasing power, political instability and higher oil costs. The Ilfov court has yet to set a hearing date for Dan Air's application.