Romanian low-cost operator Blue Air has cancelled orders for five Boeing 737NGs due to a major shareholder's financial problems.
The two 737-800s and three 737-900ERs were scheduled for delivery in 2015 and 2016. Blue Air emphasises the cancellation does not impact its current operations.
"All flights are operated normally, according to the schedule," the carrier says.
Blue Air terminated the contract placed in 2008 with a value of $462 million due to the "current troubled financial situation at Romstrade SRL". Romstrade is a major shareholder in Blue Air, and reportedly entered insolvency proceedings in the Romanian courts last month.
Blue Air continues to operate a fleet of eight Boeing 737 Classics, including one 737-300, six 737-400s and one 737-500.