Romania’s acting transport minister Radu Miruță will notify the European Commission that TAROM is speeding up overdue restructuring measures and will submit a revised reorganisation plan in September. The state-owned flag carrier remains under pressure to meet the terms of its 2024-2026 restructuring framework, which depends on proving long-term viability by the end of 2026 or repaying state aid.
Miruță has acknowledged that measures due by 1 June were not completed on time, prompting the government to put the remaining obligations onto an accelerated timetable. The ministry wants the revised plan to rest on realistic financial assumptions, stable revenue and lower costs, and is seeking a meeting with Brussels to discuss the next steps.
Romanian media report that a draft is expected in early September, followed by a final version later that month. The revised timetable is meant to give TAROM more room to respond to high fuel prices and delays in aircraft deliveries, while the company’s new chief executive prepares updated financial projections for the ministry. Failure to show viability by the end of 2026 could leave the airline exposed to repayment demands and renewed bankruptcy risk.