Tarom in talks with Gothaer and Astra to insure its fleet for next 12 months

Newsroom 04/08/2014 | 18:00

Astra Asigurari and Gothaer Romania have submitted bids to insure the fleet of Romanian state-owned airline Tarom between September 1, 2014 and August 30, 2015, sources with the airline told Mediafax.

“The auction started in June. Negotiations regarding signing the insurance policy are currently in the advanced stage. In a short while we will establish the winner and sign the contract”, according to cited source.

At present, the Tarom fleet is insured by Astra, who won a similar auction organised last year. Astra won the auction for the 7th time in a row with a contract for September 1, 2013 – until August 30, 2014.

The Tarom fleet includes 24 airplanes: twoAirbus 310-325, four Airbus 318-111, four Boeing 737-300, four Boeing 737-700, one Boeing 737-800, seven ATR 42-500 and two ATR 72-500. Tarom has invested more than USD 350 million for the purchase of new aircrafts and equipments since 1992. TAROM intends to continue this modernization process by purchasing new modern aircraft.

In recent years, the Astra Asigurari company has paid two of the highest compensations on the aviation insurance market in Romania, resulted from two incidents occurring on the Henri Coanda Otopeni Airport in December 2007 (USD 10 mln for a Tarom aircraft, the highest compensation ever paid in Romania), respectively April 2008 (USD 4,2 million for a ROMAVIA aircraft).