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Tarom To Go Private  
User currently offlinefpetrutiu From United States of America, joined Aug 2007, 930 posts, RR: 0
Posted (5 years 3 months 3 weeks 2 days 15 hours ago) and read 1797 times:

A company has asked for the sale and privatization of state owned Tarom Romanian airlines. Does anyone have any details of this? If this goes through; it is the biggest chance Tarim has for growth. Possibly an order on the horizon? Return of long hauls in the future? What do you think?

Source: [url]http://www.impulzus.ro/?q=http://www.evilaliv3.org [/url]

1 replies: All unread, jump to last
User currently offlineconnector4you From Canada, joined May 2001, 948 posts, RR: 2
Reply 1, posted (5 years 3 months 3 weeks 2 days 4 hours ago) and read 1468 times:

Quoting fpetrutiu (Thread starter):
A company has asked for the sale and privatization of state owned Tarom Romanian

You've got some incomplete piece of info here. It was the IMF - international Monetary Fund - suggestion's to Romanian PM to put up for sale a minority stake on state owned TAROM.

The airline's lackluster performance still drains Romania's budget.

Tarom's estimated profit for 2011 as per Romania's Minister of Transportation = ZERO.

So in other words if they can manage to sell that minority stake, the estimated 2011 ZERO profit could be achieved !

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