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Tarom (RO) Will Not Become Private After All  
User currently offlinefpetrutiu From United States of America, joined Aug 2007, 891 posts, RR: 0
Posted (3 years 5 months 1 week 14 hours ago) and read 1332 times:

The Romanian government announced that it will only sell a minority package of the Tarom shares, thus retaining controlling interest in the airline. I really think the ownership of this airline hinders its potential growth allowing for others to become more and more powerful in the romanian market.

I wonder if there would be any takers at buying a small portion of the airline...

Source:
http://www.b1.ro/stiri/economic/priv...doar-un-pachet-minoritar-4443.html
Sorry romanian only.

2 replies: All unread, jump to last
 
User currently offlineconnector4you From Canada, joined May 2001, 932 posts, RR: 2
Reply 1, posted (3 years 5 months 6 days 13 hours ago) and read 1107 times:

Quoting fpetrutiu (Thread starter):
The Romanian government announced that it will only sell a minority package of the Tarom shares

Before trying to sell anything to anybody Romanian Gov should contract out the management of Tarom to a proven private entity and eventually granting them that minority package as an incentive for well done work in the years to come.

For decades Tarom s only goal was not to loose taxpayers money. Their loses over the years were almost a given. Nobody at the airline ever dare to envision consistent profits, reinvestment, fleet enlargement, network expansion.


Without a solid stated vision of the future, motivated entrepreneurial management in place and consistent financial statements to back-up a promising venture, I somehow fail to see see that much investor interest on minority packages, strategic investors, partners or privatization at Tarom.


User currently offlineusdcaguy From United States of America, joined Jan 2004, 977 posts, RR: 2
Reply 2, posted (3 years 5 months 6 days 7 hours ago) and read 1029 times:

Quoting connector4you (Reply 1):

Without a solid stated vision of the future, motivated entrepreneurial management in place and consistent financial statements to back-up a promising venture, I somehow fail to see see that much investor interest on minority packages, strategic investors, partners or privatization at Tarom.

I agree...wouldn't a minority stake be mainly instrumental in getting fresh capital? To do that, don't you have to be able to ensure investors that they will get their money back?

That said, what about AF's investment in AZ? Better management is in place, but when do they expect to the recoup their investment?


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