The national air operator TAROM will submit a restructuring plan and will take the necessary steps for its approval and obtaining restructuring aid, a company statement said.
The European Commission approved the rescue aid for TAROM on Monday, which is the first step in the company’s strategy to become more efficient.
“The approval of the rescue aid is the first step in the strategy of the national company TAROM to restructure and make the company more efficient. In the coming months, the company will submit a restructuring plan and will take the necessary steps for its approval and obtaining a restructuring aid. The implementation of the efficiency measures will transform the company after three years into a modern and efficient passenger-oriented company,” stated the air operator, according to Agerpres.
On February 24, 2020, the national company TAROM received rescue aid worth EUR 36.7 million (approximately RON 176 million), following approval by the European Commission in accordance with EU state aid rules.
According to the airline operator, this measure will help ensure the continued operation of the company, especially on the many routes where TAROM is the only supplier and will avoid disturbance for passengers, without distorting competition in the single market.