The airline company Flyone could have a new owner or a new shareholding structure in the next three months, after the Council for the Examination of Investments of Importance for State Security has ordered the application of the control change clause. The decision was made following an investigation that lasted almost 11 months and targeted the company’s investments in a sector considered strategic for national security, reports IPN.
At the same time, CEIISS has refused to approve some of the operator’s investments. In a press release issued by the Council, it is specified that during the checks, information and documents related to the structure of the investments, the actual beneficiaries, and the financial transactions between Flyone Moldova and the affiliated company, Flyone Armenia, were repeatedly requested. The Council maintains that some of the requested information was not fully presented.
Furthermore, during the review process, information regarding potential links between individuals associated with the respective companies and individuals under the incidence of international sanctions was analyzed. These aspects were taken into account when making the decision. CEIISS states that the measure aims to protect the state’s security interests in a strategic area and to ensure compliance with legislation on investments in sensitive sectors.
The authorities clarify that the decision does not imply the suspension of the company’s activity nor the withdrawal of permissive documents. Flyone will continue to operate scheduled flights and to fulfill its obligations towards passengers and commercial partners.
Contacted by IPN, the representatives of the Flyone company did not offer a response until the news was published.
