Romaero posted a turnover of RON80.22 million in 2014, up 21% from RON66.3 million in 2013, due to an increase in the volume of aircraft upkeep and repair works.
Romaero posted loss of RON45.02 million in 2014, more than double the loss of RON19.78 million reported a year before. 2011 was the last year in which Romaero registered profit (RON397,545). For 2015, Romaero expects zero profit.
The company plans to increase its supplies toward Boeing, Israel Aerospace Industries (IAI) and Novae.
Romaero currently has two ongoing contracts with Boeing (Boeing Commercial and Boeing Defense & Aerospace), as well as with other companies which are direct suppliers to Boeing (Spirit Aerosistems UK, Cyclone).
Romaero budgeted investments of EUR11.6 million for 2015 (of which EUR1.06 million from own resources) for the purchase of new machines, because “the devices and machines currently used by Romaero are prototypes executed in Romania in the ’80s and are both physically and morally worn out.”
The company has some 900 employees and is subordinated to the Ministry of Economy, Commerce and Tourism.