The ministry has drawn up a draft government decision transferring its 128,064 shares with a face value of RON10/share in the airport to the county council. The transfer will be completed within 30 days once the government decision takes effect.
All airports in Romania, except the ones in Bucharest, Constanta and Timisoara, were placed under the authority of local councils under a government decision adopted in 1997.
The remaining 20% stake in the Timisoara airport is owned by investment fund Fondul Proprietatea (FP.RO).