Minister of Transport Lucian Bode announced on a television station that he will request rescue aid of 47 million EUR and restructuring aid of 110 million EUR to rectify the situation at TAROM. He specified that losses of 190 million RON will be recorded this year.
He stated that the former manager, Madalina Mezei, signed “blindly” on her first day in office, and the procedure for purchasing the ATR aircraft had already been triggered by the time she arrived.
“We will request rescue aid – and we have also discussed this in Brussels. We are talking about 47 million EUR in rescue aid and approximately 110 million EUR in restructuring aid,” stated Bode, who noted that these are funds from the state budget that must be recovered.
He also specified that a private manager must be brought to TAROM.
Source: Economica
Frequently Asked Questions
What is the total amount of aid requested for TAROM?
The total amount is 157 million EUR, consisting of 47 million EUR in rescue aid and 110 million EUR in restructuring aid.
What are the estimated losses for TAROM this year?
The Minister of Transport announced that TAROM is expected to record losses of 190 million RON during this year.
What management changes are proposed for the airline?
Minister Lucian Bode emphasized the need to appoint a private manager to lead the recovery and restructuring of TAROM.