EU Commission approves around €36 million Romanian rescue aid to TAROM
Measure will contribute to ensuring orderly continuation of air transport services, in particular on the numerous routes where TAROM is the only provider.
Articol de Carmen Gavrilă, 25 Februarie 2020, 15:31
European Commission has approved, under EU State aid rules, Romania's plans to grant a temporary loan of approximately €36.7 million (around RON 176 million) to the state-owned flag carrier TAROM.
The measure will contribute to ensuring orderly continuation of air transport services, in particular on the numerous routes where TAROM is the only provider, and avoid disruptions for passengers, without unduly distorting competition in the Single Market.
The airline faces an acute liquidity shortage, due to the steep increase in operating costs generated by its ageing fleet over the last years.
European Commission found that the measure will help ensure the orderly continuation of flight services, in the interest of air passengers and maintain regional connectivity on the numerous routes where TAROM is currently the sole provider.
Source:European Commission Newsroom
