Romania's Tarom dismisses reports of Bucharest-London flights halt

"Although several measures leading to the company's viability are approved in the company's restructuring plan, including those that provide for the optimal withdrawal from the operation of some slots, these measures are put into practice only in the context in which they serve the company's interests and the objective of making the activities profitable," Tarom said in a press release on Monday.

The company has not found grounds to abandon the London Heathrow airport slots and operates the destination with the same frequency and the same schedule, it added.

In May 2021, Romania notified the European Commission about a 190 million euro ($203.8 million) plan for the restructuring of Tarom. The plan set out a package of measures for streamlining Tarom's operations, renewing its ageing fleet and cutting costs. This support would take the form of a capital injection, a direct subsidy and a debt write-off of the rescue aid amount and its corresponding interest.

Tarom was founded in 1954 and is operated by the Romanian state through the transportation ministry. It owns a fleet of 18 aircraft and has in its portfolio a number of 70 destinations operated with its own aircraft or served by its code-share partners.

($=0.932271 euro)