“The new management team of Tarom and the Board of Directors have started the procedures for fleet modernization, optimization of operations, service improvement, launching new routes and outlining a new marketing strategy to attract more passengers,” the company said in a statement Friday.
In August, Dan Iulius Plaveti, 47, was appointed interim general manager, replacing Gabriel Stoe, who has been interim general manager after Tarom shareholders decided to dismiss private CEO Christian Edouard Heinzmann over bad management.
According to the company’s representatives, the second half of the year is the most profitable in the aviation sector, as it includes the summer and winter holiday seasons.
Thus, Tarom losses are expected not to exceed RON6.9 million in 2016, as stipulated in the budget approved by the government.
In 2015, Tarom reported a turnover of RON1.1 billion and net losses of RON27 million, according to Finance Ministry data. Last year, the company carried 2.4 million passengers, an increase of 2.5% from 2014.
Tarom estimates revenues of RON1.5 billion this year, up 8.9% compared with 2015, according to the budget approved by the government.