According to Heinzmann, Tarom has improved its financial and commercial data, overall, and its cash-flow situation is better because it managed to restore its cash reserves at the beginning of 2012.
Company officials said Tarom has started to implement a program aimed to cut fuel costs and the plan is to implement a new set of measures meant to further reduce costs and boost revenues.
Last week, Tarom president Dan Pascariu said Heinzmann met less than 30% of the objectives stated in the company’s management plan and had not started restructuring. According to Pascariu, Heinzmann employed 40 new people, failing to comply with a Board decision to freeze hiring.
Tarom CEO Nicolae Demetriade told Mediafax Tuesday that the company’s management is considering cutting staff, lowering wages and eliminating flights to conflict zones.
Demetriade was appointed chief executive officer of Tarom in June, after the managing board decided to shorten the four-year term of general manager Christian Heinzmann to one year.
Tarom’s fleet includes 24 planes. The company employs 2,090 people.