At the beginning of May, Prime Minister Victor Ponta made a visit to the Gulf, where he had several meetings with officials from regional airlines. The Prime Minister’s plan was to seek investors for the national airline Tarom, as well as for the two airports in Bucharest. The targeted companies are Qatar Airways, Etihad, Emirates and Turkish Airlines.
In recent years, Arab airlines have invested in several air carriers in Europe, most of them facing problems. The advantage is that through European operators they gain access to routes to the USA and Canada, access which is achieved through code-sharing partnerships with the parent company.
Last year Tarom recorded a loss of 27 million EUR and it seems that the company will also record losses this year.
Source: Economica
Frequently Asked Questions
Which airlines is the Romanian government targeting for investment?
The government is targeting major carriers from the Gulf region and beyond, including Qatar Airways, Etihad, Emirates, and Turkish Airlines.
Why are Arab airlines interested in investing in European carriers?
Investing in European operators provides Arab airlines with access to routes to the USA and Canada through code-sharing partnerships.
What was Tarom’s financial performance last year?
Tarom recorded a loss of 27 million EUR last year, and the company is expected to remain in the red for the current year as well.