In the company’s initial budget, revenues were projected at around RON1.1 billion and losses at around RON230 million.

The last year Tarom managed to generate profit was 2007, with net profit hitting RON72 million amid RON867 million.

Starting January 5, Tarom has a new general manager, Mihaita Ursu, who filled the same position until last June.

(English version by Catalina Apostoiu)