Tarom's interim CEO Costin Iordache said the company's losses have been significantly reduced from an average of €55 million a year to €18 million. The company has accumulated losses of almost €300 million over the past six years. The only way out of the difficult situation was the state aid approved by the European Commission. The restructuring plans include a debt write-off of about €49.53 million and a capital injection of €45.77 million.
Sources
Latest News
19:20
Diana Buzoianu accuses PSD of modifying a PNRR milestone regarding biodiversity
19:20
Leonardo DiCaprio and Jeff Bezos have launched a $200 million initiative to save 100 endangered species.
19:15
A man from Horezu, Vâlcea, was arrested after he threw his dog from the fourth floor.
19:08
An area around the city of Pisa was shaken by an earthquake of magnitude 4.3, without casualties or damage.
18:55
PSD accuses the USR prefect from Timiș of abuse of office to maintain the mandate of mayor Dominic Fritz
See more news