State secretary: Romanian airline Tarom will go through restructuring next spring

Tarom will go through a restructuring process next spring, according to Ionut Mosteanu, a state secretary in the Transport Ministry. “Even if it is painful, it has to be assumed by the next govt,” he said. Mosteanu also said that it was necessary for the future management of Tarom to be granted “certain exceptions” to rapidly intervene when it’s the case and to be able to fight with competitors. The company will record losses this year too, and it will be for the ninth year in a row. A consultancy contract will be signed soon, and next spring an international consultant will come out with a report that will make recommendations for Tarom’s market positioning. “Before we put money in a new fleet, we need to restructure the company,” the state secretary added. <br/>