Costescu pointed out the lack of responsibility and management deficiencies are inexcusable. He went on saying the budget of revenue and expenses was not fulfilled and, instead of posting loss of RON8 million, the airline posted a loss of RON41 million last year, in the context of plunging jet fuel prices in 2015.
Costescu said the control body had also tracked various irregularities at Tarom, adding the company’s Executive Board would convene on Monday, March 21, to make a final decision on the future of the company.
According to Costescu, the company’s Board will weigh up the potential compensations the company might pay to Heinzmann, if the latter is revoked, and the loss registered by the airline. The minister said compensations might reach tens or hundreds of thousands of euros and losses might reach tens of millions of euros.
The minister went on saying there is a contract clause allowing the company to revoke its CEO, over faulty management, without the latter having to face any consequences.
Heinzmann has been filling the position of CEO for three years, therefore, it will be easy to establish what could and could not be done at Tarom management, Costescu also said.
Heinzmann began his term at Tarom on November 19, 2012, after signing a contract for four years.