According to Nazare, the contract renegotiation is aimed to reduce expenses at Tarom.
Globe Ground Romania is owned by Tarom (37%), the Bucharest National Airport Company (13%), Servisair (25%) and Balaclava (25%).
In 2010, the firm registered turnover of 75.66 million lei (EUR17.4 million) and a gross profit of RON19.27 million.
Tarom cut losses by 24.16% in 2011 to RON252.18 million from RON332.5 million in 2010. Tarom registered profit until 2008, when it reported losses of RON6.31 million.
The airline estimated losses of RON187.24 million in 2012, of RON122.29 million in 2013 and RON60.58 million in 2014.
Tarom is on the list of state companies monitored by the International Monetary Fund.
A World Bank survey released at the end of 2011 showed that one quarter of the 154 monitored Romanian state-owned enterprises have incurred losses of as much as hundreds of thousands of lei per employee.
The survey also lists Tarom with losses of RON163,000 per employee. (EUR1=RON4.3553)