The company’s nine-month losses are 13% below the level proposed in its management plan.
In January-September, Tarom operated 12,532 regular flights, 188 fewer than in the same period in 2012, but carried 2.6% more passengers compared to the year-earlier period.
At the beginning of November, the Transport Ministry revoked Tarom’s Executive Board following conflicts between the board members and the company’s Chief Executive Officer Christian Edouard Heinzmann, and appointed new members.
The new Board includes Dante Stein, Manuel Donescu, Florin Luca, Bogdan Speteanu (general manager of BCR Leasing) and Razvan Filipescu (president of the National Tourism Authority).
Last week, Stein and Donescu were appointed chairman and vice-chairman, respectively, of Tarom’s Managing Board.
Tarom currently employs 2,005 people, 3% fewer compared to 2012, due to voluntary layoffs and retirements.
Traom was set up in 1954 and is controlled by the Transport Ministry. (EUR1=RON4.4502)