Romania seeks to save flag carrier Tarom with new restructuring plan

29 July 2026 The new management at national flag carrier Tarom will revise the restructuring plan, approved by the European Commission in April 2024 along with a EUR 95 million state aid, and will file the first draft of the amended document in early September, with the final draft due by the end of September, acting transport minister Radu Miruta announced on July 28. Romania will invoke the high fuel prices and delays in the delivery of aircraft to request more time for the restructuring, initially set for the end of this year, he explained. Tarom has not reported a profit since 2008, except for a profit from the sale of assets in 2024. Tarom failed to meet the targets set in the restructuring plan last year, and the deviation from the planned financial trajectory continued this year. Fa