The aid will take the form of capital injection.
The European Commission found the aid to be in line with the EU state aid rules.
This compensation follows another measure that the Commission approved on October 2, 2020 (SA.56810) aimed at compensating the airline for the damage suffered between March 16 and June 30, 2020. Because of the restrictions in place, Tarom experienced a steep decline in traffic and profitability over the relevant period.
The state aid approved for Tarom, the European Commission says, will compensate the airline for the damage that is directly linked to the coronavirus pandemic. The Commission also found that the measure is proportionate, as the compensation does not exceed what is necessary to make good the damage.
(English version by Loredana Fratila-Cristescu)