Thus, Avioane Craiova shareholders decided in an extraordinary meeting in December to analyze all possibilities to get the state aid.
By the end of February, the management and the special administrator will draft a reorganization and restructuring plan, with measures such as debt rescheduling, personnel restructuring and asset sales.
Economy Ministry owns an 81% stake in Avioane Craiova, while other private investors own a 19% stake. The company has a share capital of RON2.2 million and employs nearly 300 people.