In April, the Government eliminated Tarom from the list of state companies obliged to award contracts though auctions.
Astra does not mention the insurance premium Tarom will pay.
At the beginning of April, Tarom said it planed to organize an auction to insure its fleet for $2.4 million. The auction was suspended by the country’s settlement body CNSC, following a contestation filed by Astra.
Tarom’s fleet include 24 aircrafts: two Airbus 310-300, four Airbus 318-100, four Boeing 737-300, four Boeing 737-700, one Boeing 737-800, seven ATR 42-500 and two ATR 72-500.
Astra is leader on the local insurance market regarding revenues in 2012. It is followed by Omniasig VIG and Allianz-Tiriac Asigurari.
Astra’s underwritten premiums increased 12.3% on the year to 1.13 billion lei (EUR0.25 million) in 2012.
The company was set up in 1991 and has a share capital of RON192.71 million, controlled by The Nova Group Investments Romania SA – 72.68% and Epsilon Estate Provider SRL – 27.02%, alongside several legal entities and natural persons – 0.3%.
The Nova Group Investments Romania and Epsilon Estate Provider are indirectly owned by Romanian businessman Dan Adamescu. (EUR1=RON4.4339)