Tarom insurance bid grounded

Newsroom 11/09/2007 | 15:37

Tarom told would-be bidders that the tender would take place at a later date, which was not disclosed. The announcement was made three days before the deadline for submitting the offers to the airline expired.
The company's fleet was insured until last week by Allianz-Tiriac Asigurari with a yearly rate of about EUR 4 million. The insurance expired in January. During 2003 and 2005, the national fleet was insured by Omniasig for a total of $11.24 million, out of which $5.04 million was for
2004-2005.
A similar situation occurred at the end of 2005, when a related bid was postponed because only one company submitted an offer for the bid. Then, the airline asked the insuring company to extend the contract by a few months until the bid could take place under proper conditions.
The fleet of the local carrier includes 18 airplanes. In 2005 its turnover fell by two percent compared year on year, to over EUR 234 million.
Tarom launched at the beginning of last week internal flights between Bucharest and Craiova. By the end of the week it had to cancel one of the flights due to low take-up by passengers.

Roxana Mihul

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