Back Airline RestructuringRestructuring TAROM S. A., Romania
 |
- National flag carrier of Romania
- Network of around 50 domestic and international destinations, mainly concentrated in Europe and the Near/Middle East
- 23 aircraft in service
- 1999: Net result of USD -39.0 million
- 1999: Passenger load factor of 58.5 % (domestic), 54,8 % (international)
|
Project duration |
|
Services provided by Lufthansa Consulting |
- Assessement and evaluation of the existing situation
- Definition of several strategic szenarios based upon the findings of the assessment phase
- Preparation of restructuring incl. establishment of restructuring program, business plan, administration of
training and MIS fund and conducting of mid-term reviews - Implementation of the restructuring program
- Preparation for privatization
|
Project description |
Romania is a candidate for admission into the EU. It therefore has to establish a market economy compatible with EU principles, without subsidies to state enterprises. TAROM is on of Romania's most important state enterprises and restructuring the company in preparation for privatization represents an important step in the Government's economic reform program.
The EU hat allocated substantial funds to support restructuring efforts through its PHARE program. Due to the particular importance of the TAROM project and the low level of the company's resources, Lufthansa Consulting's assistance for the TAROM restructuring project is being financed entirely by the EU. | Back
|
