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Tarom leases two Boeing 737 MAX 8 from CDB Aviation

Jul 3, 2024, 4:26:39 PMArticle by Alexandru Cristea
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July 3 (SeeNews) - Romania's state-owned flag carrier Tarom said it has signed a leasing contract for two new Boeing 737 MAX 8 aircraft with CDB Aviation, the Irish subsidiary of China Development Bank Financial Leasing.

Tarom leases two Boeing 737 MAX 8 from CDB Aviation
Author: Tarom. Licence: All rights reserved.

The two new aircraft will each have a capacity of 189 seats and will contribute to the standardisation of Tarom's fleet, enabling lower operating costs for the company, it said in a press release on Tuesday.

The value of the leasing contract was not disclosed.

"The acquisition of new aircraft is a measure that is part of TAROM's recovery plan and was a basic condition for the approval of state aid by the European Commission. Boeing 737 MAX 8 aircraft play an important role in strengthening TAROM's market position and renewing the company's fleet," Tarom said.

In April, the European Commission approved a Romanian government's restructuring scheme of up to 473.7 million lei ($102.4 million/95.1 million euro) to support the pandemic-hit flag carrier Tarom. The restructuring plan has four main objectives - fleet renewal, flight route optimisation, improving organisational efficiency, and cost optimisation, the flag carrier said in a press release back then.

Established in 1954, Tarom operates a fleet of 18 planes on 70 destinations.

(1 euro = 4.9771 lei)

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