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Romania: German insurer Gothaer to insure TAROM's aircraft fleet

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Germany-based insurer Gothaer Versicherungsbank V.V.a.G. said its Romanian unit has won the contract to insure the aircraft fleet of Romanian airline TAROM S.A., reports Business Review.

Representatives from Gothaer said the insurer will insure TAROM's fleet "for a period of 12 months" from Sep. 1, 2014, to Aug. 31, 2015.

The fleet, consisting of 24 aircraft, is currently insured by ASTRA Asigurari S.A., which was recently placed under special administration, Business Review reported.

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