Romania's E190m restructuring aid for Tarom airline under EU scrutiny
The EC has opened an investigation into Romania’s E190m support measures in favour of Tarom airline, according to a statement published on Monday. The Commission said it would look into whether the restructuring package for the state-owned flag carrier was in line with EU rules on state aid to companies in difficulty. 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 the carrier had been experiencing financial difficulties for years. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-07-06/sky/romanias-e190m-restructuring-aid-for-tarom-airline-under-eu-scrutiny
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Romania's E190m restructuring aid for Tarom airline under EU scrutiny
The EC has opened an investigation into Romania’s E190m support measures in favour of Tarom airline, according to a statement published on Monday. The Commission said it would look into whether the restructuring package for the state-owned flag carrier was in line with EU rules on state aid to companies in difficulty. 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 the carrier had been experiencing financial difficulties for years. <br/>
