newstodate.aero
Sep 24, 2019 (newstodate): Fighting for survival, Slovenia's Adria Airways has suspended all flight operations for two days to leave room for last-ditch negotiations.
The carrier is in talks with potential new investors to bring in sufficient fresh capital to secure a reconstruction of the airline that has so far seen the arrest of two of its aircraft due to unpaid bills.
The airline has long been flying in dire straits, and the Slovenian government has flatly refused to throw in capital to its rescue.
From May 1, 2019, new CEO at the Slovenian carrier Adria Airways is Sven Kukemelk, who as late as May 2019 aired his lofty ambitions that over the coming years the airline should more than double its fleet, and build a strategy of turning Ljubljana Joze Pucnik Airport into a transfer point between the Balkans and Western Europe.
Mr Kukemelk's plan built on the expectation of increasing the fleet over a 10-year period to some 40-50 aircraft, compared to the current fleet comprising leased aircraft of four different types including three Airbus A319, two CRJ700, two CRJ900 and six SAAB 340 aircraft based in Ljubljana and Lugano.
Adria Airways has 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's re-capitalization of the company on the Slovenian CAA's ultimate request.
The carrier is in talks with potential new investors to bring in sufficient fresh capital to secure a reconstruction of the airline that has so far seen the arrest of two of its aircraft due to unpaid bills.
The airline has long been flying in dire straits, and the Slovenian government has flatly refused to throw in capital to its rescue.
From May 1, 2019, new CEO at the Slovenian carrier Adria Airways is Sven Kukemelk, who as late as May 2019 aired his lofty ambitions that over the coming years the airline should more than double its fleet, and build a strategy of turning Ljubljana Joze Pucnik Airport into a transfer point between the Balkans and Western Europe.
Mr Kukemelk's plan built on the expectation of increasing the fleet over a 10-year period to some 40-50 aircraft, compared to the current fleet comprising leased aircraft of four different types including three Airbus A319, two CRJ700, two CRJ900 and six SAAB 340 aircraft based in Ljubljana and Lugano.
Adria Airways has 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's re-capitalization of the company on the Slovenian CAA's ultimate request.