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Romanian flag carrier Tarom to sell nine ATR aircraft for $32.3 mln

Romanian flag carrier Tarom to sell nine ATR aircraft for $32.3 mln Tarom

BUCHAREST (Romania), February 12 (SeeNews) - Romanian flag carrier Tarom said that it has put up for sale nine ATR 42-500 aircraft for a total of $32.26 million (29.5 million euro).

Seven of the nine ATRs were manufactured between 1997 and 2000 and are being offered for sale at prices ranging from $2.66 million to $2.93 million, Tarom said in a notice on Tuesday.

For two aircraft manufactured in 2009, Tarom is asking prices of $6.28 million and 6.47 million, respectively.

Tarom said that all aircraft are used but still operational.

In the same announcement, Tarom said it is inviting bids for Boeing 737-700 main wheel and steel brakes stock in serviceable condition and is also offering seven commercial spaces for rent.

In December, the transport ministry announced that Tarom has signed a contract to lease nine ATR aircraft in order to replace seven old planes. The airline will receive four of the nine new ATR 72-600s by the end of February, with the rest will be delivered by the end of 2020.

Tarom is operating on international and domestic routes with a fleet of 25 aircraft - seven ATR-42-500, two ATR-72, 4 Boeing 737-700, 4 Boeing 737-300, 4 Boeing 737-800 NG, and 4 Airbus A318-111.

Tarom narrowed its net loss to 171.4 million lei ($39 million/ 36 million euro) in 2019, from 182.7 million lei in 2018. Tarom's 2019 turnover is estimated at 1.51 billion lei, up from 1.4 billion lei in 2018, according to preliminary company data published in Romania's official gazette.

2019 was Tarom's 12th straight year of annual loss.

The government said in January that it has approved a 195 million lei rescue plan for Tarom.

(1 euro = 4.7696 lei)

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