Magnetoplasma compressor with a semi-transparent electrode system that operates in the ion current transfer regime is studied. The thermodynamic parameters of the discharge and the compression plasma flow generated in N2+5 % H2 mixture at 500 Pa pressure with input energy 4.9 kJ have been measured. Special construction of the accelerator electrode system enable the electrode shielding by the self-magnetic field resulting in protection from the erosion. Fully predominant N II spectrum is observed in the compression plasma flow. The plasma flow velocity, electron temperature and electron density maximum values are measured close to 35 km/s, 4 eV and 2 × 1016cm−3, respectively.