Changes in the Jetran Air shareholders

In April 2008, Jetran Group USA and Tender Group Romania have signed the buy-out of the Jetran Air, a Romanian air operator authorized for the passengers and cargo charter flights.
After this agreement, Tender Group Romania has purchased 51% actions, the transaction value reaching up to 45 mil usd.
Nowadays the Jetran Air, one of the most important Romanian air companies, operates 7 McDonnell Douglas MD 81 and MD 82 aircrafts updated at European standards, 1 McDonnell Douglas MD 83 aircraft and 1 Dornier 328-300 Jet aircraft V.I.P. fixed.
The Jetran Air turnover for 2007 was 25 mil euros and the estimated value for 2008 reaching up to 35 mil euros.
As main activity object, Jetran Air offers aircraft with own crew leasing services and charter flights for the main European and Romanian tourist agencies. Also, Jetran Air operates charter and V.I.P. flights for special and corporate events.