Creditors who voted in favor of the plan hold receivables totaling RON740.9 million, accounting for 94.33% of the total RON785.5 million in claims eligible to vote, according to a press release.
The reorganization strategy aims to achieve the economic and operational recovery of the company, which manufactures parts and repairs civil and military aircraft. The measures are designed to help the company continue its core business, preserve industrial capacity and jobs, and ensure a better recovery of funds for creditors compared with a bankruptcy scenario.
Romaero’s shares are listed on the Bucharest Stock Exchange under the symbol RORX and have been suspended from trading since January 2024 following the company’s entry into insolvency.
(English version by Loredana Fratila-Cristescu)