The appointment of a new manager was approved by the company’s Board of Directors and took effect on July 30.
Victor Munteanu was appointed general manager for a four-month period, until November 30, 2021, but no later than the date of completing the selection procedure regarding the corporate governance of public enterprises, if completed within this timeframe, per a stock market report.
Avioane Craiova has a stock market capitalization of RON50 million and is 95% held by the Romanian State.
AVIO shares have been growing 2% since the beginning of 2021, amid deals worth RON760,487.
The company ended 2020 with a turnover of RON20 million and a loss of RON6.6 million.