Tarom Receives $45 million Rescue To Avoid Financial Collapse

aircraft
Tarom Boeing 737-700
Credit: Rob Finlayson
The Romanian government has approved a rescue loan of 195 million leu ($45.4 million) for Tarom, the state-owned flag carrier, effective in March. Romanian news agency Agerpres reported that Prime Minister Ionel Danca specified the loan will be transformed into restructuring aid if the European...

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