The European Commission has opened an in-depth investigation to assess whether Romanian support measures in favour of the airline TAROM would be in line with EU rules on State aid to companies in difficulty.
TAROM, a Romanian state-owned flag carrier, has been experiencing financial difficulties for years. TAROM has received a temporary rescue loan from Romania of approximately €36.7 million, after approval by the Commission under EU State aid rules in February 2020. On 28 May 2021, Romania notified to the Commission a plan for the restructuring of TAROM.
The restructuring plan sets out a package of measures for streamlining TAROM’s operations, renewing its ageing fleet and reducing costs. Romania plans to support the restructuring with around €190 million of public funding. This support would take the form of a capital injection, a direct subsidy and a debt write-off of the rescue aid amount (approximately €36.7 million) and its corresponding interest.
This post was published on 5 July 2021 12:25
Lufthansa plans to introduce its first Airbus A350-1000 on the Munich–Tokyo Haneda route on 3…
EUROCONTROL’s Maastricht Upper Area Control Centre (MUAC) handled 842,259 flights between May and September 2026,…
Polska Grupa Lotnicza (PGL), the aviation group behind LOT Polish Airlines, plans to establish a…
An airBaltic A220-300 aircraft registered YL-ABS arriving from Berlin as flight SN2590 on behalf of…
Norwegian Air Shuttle is increasing winter capacity between the UK and Oslo as part of…
Brussels Airport will offer 136 direct destinations during its winter season starting on 25 October,…
