Nelu Iordache wants to build first private airport with 200m euros in Adunatii Copaceni

Nelu Iordache, 43, one of the most discreet businessmen on the Romanian market, owner of Blue Air, Romstrade, and La Mosie, which are part of a half a billion-euro group, has given his first press interview to ZF, making official statements on his investment plans for the next few years, after he had avoided meetings with the press for years.

"I've been keen on building businesses from scratch. I have not invested in real estate because I never liked speculations. For the fruit farm La Mosie in Adunatii Copaceni I did not take out any loans to make the 7 million-euro investment, and for the concession of the Bacau airport, I allocated 29 million euros from my own funds," says Iordache, who adds that profits have been constantly reinvested, and that he "does not have a lot of money in his accounts." Having reached a 500 million-euro turnover, he is preparing for his biggest investment. Next year he will start construction of the first private low-cost airport in Adunatii Copaceni on a 200-hectare area, with the investment to amount to 150-200 million euros.

Nelu Iordache's plans also include developing his business in Iraq, and becoming a rival for CFR Calatori, the passenger service of the state-held railway carrier. For this prospective expansion, Iordache considers getting funding from banks, stock exchange listing, and bond issuing. For the time being he rules out selling a share of his business.