Tarom’s restructuring is imminent

1

Although Tarom reported diminished losses, the restructuring process of the company is needed.

“It will require an analysis – I did more tests with the Board of Directors and with the operative management of the company, I also discussed with the unions. We are in the situation in which on December 31, the financial results will be those that will support a very clear position of the ministry, as the owner, in relation with this company,” Minister of Transports, Ioan Rus said in a press conference.

According to him, the airline company does not benefit from “happiest” management, part of the trade unions “are opposite to a good evolution of the company “.

According to Rus, this year Tarom had revenues from air transport services higher by 5 percent, carried 1.7 million passengers (+ 3 percent) and the number of flights in 2014 will be 4 percent higher than in 2013.

On the other hand, the negotiations with Russia on overflight permission for Tarom flights from Bucharest to Beijing, scheduled for mid-November, were postponed by the authorities in Moscow for January. The Minister reminded that the memorandum to resume flights is signed both by Romania and China. Tarom dropped on Bucharest-Beijing flight in 2003 for economic reasons.

Granting the right of overflight became a problem after the conflict in Ukraine, which generated tensions between Russia and Western countries.

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More