newstodate.aero

Feb 20, 2020 (newstodate): New customer with Nordic Aviation Capital is Tarom, the Romanian national air carrier.
   On February 19, 2020, the carrier took delivery of its first new ATR 72-600 aircraft under a lease agreement signed in June 2019, comprising nine new ATR 72-600 aircraft.
   The first aircraft was originally slated for delivery in October 2019, with all nine aircraft in the fleet of Tarom before the end of 2020, replacing the carrier's existing fleet of seven ageing ATR 42.
   Tarom is planning for a major fleet rejuvenation to refresh the aircraft stock currently comprising also four Airbus A318, four Boeing 737-300,four Boeing 737-700, and two ATR 72-500 aircraft.
   However, Tarom left 2019 with alarmingly empty pockets requiring immediate action to keep it in the air.
   In an effort to save the carrier's life, the Romanian  government in January 2020 approved a capital injection into Tarom as a loan to be transformed into restructuring aid, subject to approval by the European Commission.
   EU will thus require Tarom, 97 percent owned by the Romanian state, to come up with a restructuring plan, still pending, as a precondition for approving the state intervention.