European Commission approves 19.3-million-euro loan for state-owned airline Tarom
Publicat:In a press statement released on Monday, the European Commission announced having approved a loan guarantee of up to around 19.3 million euros (approximately 94 million lei) in favour of the Romanian state-owned airline TAROM, according to Agerpres.
The measure aims to compensate the airline for the losses directly caused by the coronavirus outbreak and the travel restrictions introduced by Romania and other destination countries to limit the spread of the coronavirus March 16, 2020- June 30, 2020 that forced Tarom to cancel most of its scheduled flights, and caused major losses in turnover.
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