Strategic consultant for TAROM restructuring to be announced by end-November

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Strategic consultant for TAROM restructuring will be announced by the end of November, the six offers being currently in company’s Board of Directors analyzing, Sorin Buse Transport Minister said on Saturday, agerpres.ro informs.

“(…) This must be a partner of ours which to confirm us some elements that we feel, but that he knows at the international side. We hope to have some results on business partnerships too in the coming months,” Buse said.

According to him, in the first half of next year, it will be outlined the business model that the flag carrier airline of Romania will adopt.

“We have many options that we can negotiate and combine so that TAROM and Romania to yield the greatest benefits both in terms of aircraft and in terms of a possible trading partner. We have a very good game card to be played very professionally,” he said.

Asked if there are intentions for the state to sell some of TAROM, the minister said that the desire is not to sell but he don’t exclude any option, including the alienation of a minority stake, if there will be a great partnership.

Recently, TAROM has ended widebody operations for the time being following the withdrawal of its last remaining A310-300 from revenue service.

The ch-aviation fleet database shows the Romanian carrier has operated a total of three A310-300s over the years. The twinjets were the first Western-manufactured widebody aircraft to feature in the state-owned carrier’s fleet following the fall of the communism in 1989. The aircraft were used on flights to Bangkok Suvarnabhumi, Beijing Capital, New York JFK, Singapore Changi, Montréal Trudeau, and various European destinations.

Fleet renewal is playing a key role in the airline’s restructuring Ionut Mosteanu, Secretary of State for Transport, has said.

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