FlyOne Considers Moving Investments from Moldova Abroad

Shareholders of FlyOne, which is based at Chisinau International Airport, are refusing to sell their stakes despite a government order requiring a change in ownership. Instead, they are preparing to redirect future capital investments and expand the airline’s operations outside the country. FlyOne Managing Director Vladimir Cebotari said this, according to logos-press.md. In an interview on September 29, 2026, Cebotari said the airline’s owners did not intend to comply with the requirements of the Council for the Examination of Investments of Importance to State Security (CEIISS) concerning the transfer of control over the company, ch-aviation.com reports. “The shareholders will not sell their stakes. The group will continue its operations, but some future investments will have to be redirected from the Republic of Moldova to other countries,” he said. The dispute stems from a CEIISS decision of June 22, 2026, ordering the airline to change its ownership structure after the body raised concerns about the carrier’s management and control arrangements. CEIISS is invoking the mandatory ownership-change provision under Article 11 of Moldova’s Law No. 174/2021 on Strategic Investments. The shareholders were initially given 90 days to transfer control, although the deadline was subsequently extended. According to Cebotari, FlyOne views the order as an attempt at forced expropriation and is adjusting its international expansion strategy accordingly. He noted that the group’s structure allows it to redirect investments, as the Moldovan market accounts for only 25-30% of the company’s overall operations. The business is decentralized and distributed among independent cost and management centers operating under separate air operator certificates (AOCs) in Romania, Armenia and Uzbekistan: FlyOne Romania, FlyOne Armenia and FlyOne Asia.