Romania’s 190 mln euro restructuring aid for Tarom airline under EU scrutiny

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The European Commission has opened an investigation into Romania’s 190 million euro support measures in favour of Tarom airline, according to a statement published on Monday.

The Commission said it would look into whether the restructuring package for the state-owned flag carrier was in line with EU rules on state aid to companies in difficulty.

Romania plans to reduce costs and renew Tarom’s ageing fleet by means of a capital injection, a direct subsidy and a debt write-off, the Commission said, adding the carrier had been experiencing financial difficulties for years.