Get the app today! Download iPhone App Download Android App

SUBSCRIBE

European Commission Opens Investigation Into Restructuring Package For Romanian Airline Tarom

Published on Jul 7 2021 9:14 AM in General Industry tagged: Tarom

European Commission Opens Investigation Into Restructuring Package For Romanian Airline Tarom

The European Commission has opened an investigation into Romania's €190 million support measures in favour of Romanian airline Tarom, according to a statement published on Monday July 5.

EU Rules

The Commission said that it will look into whether the restructuring package for the state-owned flag carrier is in line with EU rules on state aid to companies in difficulty.

Plan

Romania plans to reduce costs and renew Tarom's ageing fleet by means of a capital injection, a direct subsidy and a debt write-off, the Commission said, adding that the carrier has been experiencing financial difficulties for years.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email