“Bidding started in June. Negotiations are advanced. The winning bid will be decided shortly and the insurance contract will be signed,” the sources said.
Tarom’s fleet is currently insured by Astra, which won an auction held in summer 2013. Astra has been Tarom’s insurer for the past seven years.
Tarom has a fleet of 24 aircrafts, of which two Airbus 310-325, four Airbus 318-111, four Boeing 737-300, four Boeing 737-700, one Boeing 737-800, seven ATR 42-500, and two ATR 72-500.
Astra, indirectly owned by businessman Dan Adamescu, is the leading insurer on the Romanian market by 2013 revenues, with underwritings of RON921.4 million.
German insurance group Gothaer entered the Romanian market in October 2012, when it took over 67% of Platinum Asigurări. The group later raised its stake to 100%. Founded in 1820, Gothaer group has over 3.5 million clients and posted revenues of over EUR4 billion from underwritings in 2013.