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...
Kurt Hofmann

Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting…

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