newstodate.aero
Apr 04, 2019 (newstodate): The coin has two sides: yesterday's report on Adria Airways' decision to annul its order for Superjet 100 aircraft has drawn a Russian response.
According to Adria Airways, the company was unable to finalize the deal with Sukhoi Civil Aircraft Company for long-term lease of 15 Superjet 100 aircraft as it has doubts about Sukhoi's ability to commit "to a fair and stable long-term partnership".
In a release from SCAC, the story has another twist.
-In November 2018 there was a preliminary agreement achieved about the delivery of 15 aircraft to Adria Airways in 2019. The Agreement was supposed to be transferred into a firm order.
-The institutions that were to provide the financing, after consideration the Adria Airways financial report for 2018, recommended SCAC to cancel the deal in order to factor out the losses. The recommendations were accepted, and the work was stopped.
-The delivery of the aircraft is impossible without the firm order, the release ends.
Adria Airways has indeed been up against the wall after deeply red figures in 2017 and 2018 and was saved only by the German owner of the carrier, the German 4K Invest re-capitalization of the company on the Slovenian CAA's ultimate request.
According to Adria Airways, the company was unable to finalize the deal with Sukhoi Civil Aircraft Company for long-term lease of 15 Superjet 100 aircraft as it has doubts about Sukhoi's ability to commit "to a fair and stable long-term partnership".
In a release from SCAC, the story has another twist.
-In November 2018 there was a preliminary agreement achieved about the delivery of 15 aircraft to Adria Airways in 2019. The Agreement was supposed to be transferred into a firm order.
-The institutions that were to provide the financing, after consideration the Adria Airways financial report for 2018, recommended SCAC to cancel the deal in order to factor out the losses. The recommendations were accepted, and the work was stopped.
-The delivery of the aircraft is impossible without the firm order, the release ends.
Adria Airways has indeed been up against the wall after deeply red figures in 2017 and 2018 and was saved only by the German owner of the carrier, the German 4K Invest re-capitalization of the company on the Slovenian CAA's ultimate request.