Romanian Tarom General Manager Resigns - Sources
The general manager of Romanian state-owned airline operator Tarom resigned Tuesday and she will be replaced come April 1, people close to the matter told MEDIAFAX.
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Romanian Tarom General Manager Resigns - Sources
Ruxandra Brutaru has been the company's general manager since late-2008. At that time, she was appointed by then transport minister Radu Berceanu to replace Gheorghe Barla.
The social democrats requested Brutaru's dismissal early-February, citing inadequate management that brought the company to a $100 million loss in 2010.
Tarom is on the list of companies monitored by the International Monetary Fund. The government pledged to privatize the company with a strategic investor when market conditions are right.
The airline operator transported 2.2 million passengers last year, up 24% from 1.77 million in 2009. The company expects to break even in 2011, from a net profit estimated at some RON20 million last year. In 2009, the carrier reported a net loss of 90.99 million lei (EUR1=RON4.1865), despite expectations of a RON760,000 profit.
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