“This is a first step, a rescue aid, which can turn into a restructuring aid, as a result of the airline adopting a restructuring plan, after notifying the European Commission and the respective aid being approved by the Commission. Consequently, following the approval of the rescue aid, the airline must come up with a restructuring plan”, stated Danca.
Tarom expects loss of RON171.37 million for 2019, considering its total revenue reached RON1.51 billion, according to documents published in the Official Journal. Its expenses stood at RON1.68 billion. The airline reported loss of RON182.77 million in 2018 and it has not reported profit since 2007.