Demetriade said the reason behind this move is the enforcement of the provisions of the government emergency ordinance regarding Tarom’s private management.
Demetriade told news agency Mediafax that “the enforcement of the ordinance was only an illusion.”
Demetriade was appointed CEO of Tarom in June, after the company’s managing board decided to shorten the four-year term of Belgian general manager Christian Heinzmann to one year, displeased with the latter’s activity. Demetriade was appointed member in Tarom’s board in May. He had served as general manager of Tarom between 2001 and 2002.
Tarom reported loss of RON63 million in the first half of 2013, lower than RON120 million in the same period in 2012. The company’s operating revenues reached RON534 million in January through June 2013, compared to RON498 million in the same interval a year ago.
The management plan, approved by the airline’s executive board in March, states loss of RON143 million in 2013 and of RON18 million in 2014. Tarom is expected to switch to profit of RON92 million in 2015 and of RON173 million in 2016.