Adria Airways has announced it has officially filed for bankruptcy, ending 58 years of service. In a statement, the company said, "On Monday, September 30, 2019, Adria Airways filed a motion for bankruptcy proceedings of the company at the Kranj District Court. Bankruptcy proceedings were initiated by the management of the company because of the company’s insolvency and based on the Slovenian Financial Operations, Insolvency Proceedings, and Compulsory Dissolution Act (ZFPPIPP) which obligates the management of a company in the position of Adria Airways to file for bankruptcy proceedings of the company. The court has a three-day statutory period within which it shall decide on the opening of bankruptcy proceedings. The company announces that it will cancel all scheduled flights due to initiation of bankruptcy proceedings".
The Slovenian Minister for Economic Development and Technology, Zdravko Počivalšek, said the government was considering establishing a new national carrier to improve Slovenia’s international connectivity after Adria’s collapse. However, he noted this process would take some time and would require a firm partnership with Lufthansa, as well as political consensus in the country. Over the past week, Adria has cancelled more than 400 flights affecting over 15.000 passengers. The company's demise sees 558 employees left without jobs. Adria Airways operated the last revenue flight with its own aircraft and crew from Copenhagen to Ljubljana on September 23. Its overall final service was a charter from Paris to Ljubljana on September 30, carrying Slovenia's men's Volleyball team, who had just become runners-up at the European Championships.
European airlines that stopped flying in 2019
- Germania
- Flybmi
- WOW Air
- Aigle Azur
- XL Airways
- Thomas Cook Airlines
- Tus Airways
- Adria Airways
Adria Airways was purchased by the Munich-based turnaround fund 4K Invest in 2016 for a mere 100.000 euros through its subsidiary AA International Holding. Under its motto “We fix it”, 4K Invest said in 2016, “Adria Airways will make good connections available for business customers and offer attractive ticket prices for tourists. It will continue to serve the markets of Slovenia, Albania, Kosovo and Macedonia, connecting these countries with the world through the Star Alliance network. We intend also to grow in Estonia, a new market the airline entered in November 2015”. However, since then, Adria left Estonia and its passenger numbers from Kosovo have seen a notable decline. Earlier this year, the fund said there was no room for growth in Slovenia due to the small size of the market. In 2017, AA International Holding acquired Etihad Airways’ upscale Swiss arm Etihad Regional. The investment proved futile and the company folded shortly after. The circumstances surrounding its collapse are still under investigation by Swiss authorities. Since Adria's bankruptcy announcement this afternoon, 4K Invest shut down its website.
Sad...
ReplyDeleteADRIA MAFIA PLAYING DIRTY, THEY JUST COLLECTED ANOTHER BSP INVOICE PAYMENT TODAY, AS I WARNED BEFORE, they collected last payments due today 30SEP from invoices from sales period 15SEP to 20SEP2019 where nobody from IATA travel agents has had rights to adjust or refund, tricky game from them to get some last cash.
DeleteOnly former YU countries travl agents via their IATA BSP's have sold weekly from some 6 to 7 digit amounts
IR
Sad for so stupid response from CAA and Travel association from ex YU countries
I think absolutely NOT SAD they played so DIRTY, Can you imagine how many EX YU travelers are affected
DeleteSad day for regional aviation.
ReplyDeleteIts straight clear now. Our corrupt politicians want the airline back to continue squeezing money. It is all their game plan to trouble and ditch adria to bankruptcy and start a government entity again. Big dirty gang played this conspiracy. Any intellectual connected to the whole story who claims this is wrong is either part of the conspiracy or a foolish idiot that could not understand this. Nobody cares Slovenian people. All corrupt crooks they dont care about countrys economy or adria employees. so sad.
DeleteEven though it was the most likely outcome I am still shocked by Adria's demise. My thoughts are with its hardworking and sincere staff, who've been sold out by utter charlatans.
ReplyDeleteR.I.P. Adria
ReplyDeleteFirst flight with you was back in 1987 fm LJU to DBV and my last one 2 weels ago ZRH to LJU.
My thoughts are with the 100s of employees, some of them have been working for decades there. Hopefully they all soon find a new job challenge
Sad day for aviation in Slovenia and Europe.
ReplyDeleteWith all due respect to Adria and its employees, the farce that lasted the last couple of months is finally over. Good luck to all the hard working employees.
ReplyDeleteNew company should be named Adria Aviopromet,wearing those old logos....I don't see a point to again push for being just a Lufthansa taxi service.
ReplyDeleteI guess the last flight from Paris to Ljubljana was carrying the volleyball team was symbolic. RIP Adria.
ReplyDelete+1
DeleteNorwegian is probably next. A sad day. Good bye Adria.
ReplyDeleteWhy Norwegian?
DeleteNorwegian has a major cash shortage and it asked bondholders to bail it out- in the form of a two-year extension in repaying two bonds which total about $380 million. As collateral, Norwegian offered its landing slots at London's Gatwick Airport. The airline now has until November of 2021 and February of 2022 to pay.
DeleteImho this is hardly possible since Norwegian does not earn any money, on the contrary, it burns a lot of it-meaning they can probably stay afloat until end of 2021 at the latest.
Norwegian is another dead man walking.
DeleteTo be fair, not all of it is that fault. Yes, they tried to expand too quickly in Europe against heavy weights of RYR and EZY and low cost long haul doesn't work, but the MAX grounding and 787 RR engines issue will put the final nail in the coffin.
What a pity. Used to fly "Inex Adria Aviopromet" from MBX an LJU (assume it was holiday charters) to Dubrovnik and Greece. Was always much better than JAT. All the best for the employees!
ReplyDelete:(
ReplyDeleteWhat a disgrace for Slovenia. Even if symbolic, a national carrier represents one of the pillars of the statehood. I guess we do not deserve it. And all the talk how LH will help setting up a new airline...pure BS.
ReplyDeleteCe mislite, da je OU v boljsem polozaju, se mocno motite. Zivotari dalje na racun drzave, dokler se ne privatizira (ce se sploh kdaj bo). Regionalni (majhni) prevozniki ne morejo dolgorocno ekonomsko preziveti. Adrio je pac usoda prej pokopala, predvsem na racun nespametne izbire kupca podjetja.
DeleteAnon at 16:44, what do you think about Hungary then, or Slovakia?
DeleteI can be even more evil, what do you think about Norway and Sweden and Denmark? :)
To some extent you are right. However, Bratislava is 50km from VIE. Hungary had a national carrier that went bust. Budapest has 3m population and more easily attracts other carriers. Scandinavians have SAS. Slovenia, on the other hand, has no such thing...
DeleteWhat Slovenia has is the most developed economy and highest living standards of all the Exyu states. It will do just fine without a loss making national airline.
DeleteBudapest has 2 million population.
DeleteAnonymous 30 September 2019 at 17:37
Delete+1
Budapest has 3m+ "commuter" based population. @17:37 - indeed, that is why Emirates and Qatar are flying to Zagreb and other cities of ExYu instead of Ljubljana...
DeletePillars of national statehood. Jesus man, which century do you live in?
DeleteBest thing we put Adria's logo in the flag and S5 on the car registrations as well.
Unfortunately, OU is next. And I'm from Croatia (Dubrovnik). Sad day for Adria and, if the same thing happens to OU, I wonder what will happen to domestic flights. I'm not too worried about international flights.
DeleteOU nije u istom polozaju. Adria je privatizirana. Sa druge strane OU je vlada vezala koncesijskim ugovorom za MZLZ. Dok cijela Evropa leti na obalu ljeti, OU mora (CITAJ: MORA) letjeti u ZAG. Jeftinije je dati lovu OU nego placati penale koncesionaru. Usporedjivati domece i medjunarodne letove, cijene bez osvrta na mreznu povezanost je glupo da gluplje ne moze biti. Dakle, ajmo ovako... Da postoji ekonomski interes za linijama ZAG-druge domace zracne luke vec bi se pojavio drugi prijevoznik. Kako sto se pojavio na linijama SPU-LON. Isto tako, LCC nece preuzeti niti ZAG, niti SPU ili DBV zimi. Jer ekonomsku racunicu imaju iskljucivo prema potraznji iz origina, ne destinationa. A sto se tice PUY, ZAD, RJK ili BWK neka samo sute i masu repom. Ako nestane OU oni postaju sezonci.
DeleteNice to see words of compassion. It's going to be tough getting a new job since the market is becoming saturated with jobless pilots/cabin crew.
ReplyDeleteRIP Adria. Best of luck to its staff, may they all find new carriers in other airlines.
ReplyDeletehe Cypriot airline TUS also announced that it will stop flights and will re-brand and restructure. so it is eight European airlines that stopped operating this year.
The market is really tough for smaller airlines.
Sad thing but I hope that former JP workers will find new jobs soon as that is only thing that is importsint now. There is a lot of sentiment about JP here but if you put sentiment aside and try to be reasonable you realize that they were very troubled and poorly managed even in the exYu, just like our beloved JAT, and after 91 they were basically doomed. Small newly independent country with war going on nearby, with uncompetitive economy and ever shrinking markets. Government used it as an expensive nationalistic toy until money tap went dry in 2016 and all after that is just not worth mentioning any more.
ReplyDeleteI don't know where are you from and how old you are but your entire post is one big BS. You have no idea what you talk about and your statements has nothing to do with the reality. RIP Adria!
DeleteOld enough not to be phigh on fairy tales about JU and JP amazing adventures of success and picture perfect management. Dobro jutro u Oktobar 2019 i lep pozdrav i Vama iz Srbije <3
Delete@pozdrav iz Rijeke
DeleteRegarding yr reply to anon 1656h. The guy is right. There is just too much of capacity on the market and thats why even QR EK EY WY are suffering. EK had a sharp decrease in profits. QR WY EY fly big losses and are only thanks to Petro Dollars flying. WY has made over 0.5 bln USD losses last 3 years. It hurts very much to see airlines disappearing but it is the only way how others can grow more sustainable. A nation of 2 mio population can not afford an airline in todays market environment, it has no chance, especially not in our part of Europe where one airline covering the entire region cld might sustain but that will never happen due to known reasons
We should read off OS too.
Delete@JU520 BEGLAX
DeleteThe guy is not right neither are JU. JAT and Adria during ex-yu were NOT badly managed. Your nick shows it the best as well as known fact they were first/among first to introduce ultramodern technology of those times, and flew to all continents transporting more people than all ex-yu companies today combined PROFITABLY. Then we have the "theses swap" : criminals who came later are now presented as consequence of what was happening before, and truth is opposite - it was good and well managed before, and then criminals, referred as market economy moguls came and ruined it for their own benefit. Regarding non-sustainable small 2 million market, I will say only two words : Air Baltic Best regards.
neither are YOU, typo in first sentence
DeleteBut why did a shady German fund get its hands on Adria in the first place? The airline was already in such a bad shape with poor prospects that no serious player -- not Lufthansa, not Turkish, not anyone else -- wanted it.
DeleteThat would be a question for the government at the time....
Delete@Pozdrav iz Rijeke
DeleteJU and JP back in the 80s hat capable people, JU was even profitable late 80s but these were also other times with regulated markets
Eventhough Air Baltic is airline of Latvia, they cover all 3 Baltic republics with a population of 6 mio and u re right they are well managed and i am sure there is less corruption and a more healthy working environment for companies. I dont want know how much money is going thru dark channels at OU YM or at their governments. They must be inefficient to hve such losses. If MNE HR SLO would create an ADRIA Adriatic Airlines, politics would be kept out, then there might be a chance or u take LH into the boat and create a Lufthansa Adriatic, maybe than there is a chance. But look at OK RO FB also they re in troubles. Even SK is not healthy and if u go long haul, since u re in the eastern part of Europe, you wld hve to pick up Long hauls to Asia where u compete with governments of Turkey, Qatar, U.A.E which makes it impossible again if u dont hve a certain size. Most realistic to me is LH group taking over LH group hub flights plus all other existing. Eventually even SK to CPH
Others will follow...
ReplyDeleteThat is beyond certain. Throughout Europe AND the rest of the world weak airlines are in very difficult position.
DeleteWinter is coming for a lot of them!
JU will soon face with serious debt problem and OU problems have already surfaced and will become more dangerous once payments for airbus come due
DeleteI thought they would submit some support of restructuring to the CAA.
ReplyDeleteYou are just as optimistic as some of the Adria employees.
DeleteThis is what happens when you have 6 different airlines in the Balkans. I don't know why anyone hasn't thought of merging all the regional airlines and having one official regional carrier for the Balkans? Competition is getting even rougher and it's just a matter of time before another one in the region goes defunct.
ReplyDeleteSmaller airlines are easier targets than one larger airline. Jat was far from perfect but it was top 10 airline in Europe at one point. If LOT was divided in 5-6 small airlines it would not have ability to survive against big players. While Adria was never part of Jat, any ideas about merging Ex Yu airlines in recent years did not get any political support. Big EU airlines are enjoying advantage of this divide and conquer scenario in Ex Yu markets.
DeleteBut why even have one "official" airline serving "the Balkans" -- seven diverse countries with different economic priorities, geopolitical orientations, and languages? In other words, why base a present-day project on a country that ceased to exist almost three decades ago?
DeleteWhat unites contries serviced by, say, Wizzair? Don't they have different economic priorities, geopolitical orientations, and languages?
DeleteWizz Air decides which countries to serve based on present-day market demand (and route subsidies), not the fact that certain countries were a part of another country 28 years ago. Besides, Wizz Air isn't any country's "official" carrier.
DeleteWhat unites LH Group airlines? They don't all speak German. They don't all belong to EU or NATO. They are not all in Central Europe. They were never part of the same country. ExYu countries still have way more in common than countries with LH Group airlines. However nationalism within Ex Yu is still much more powerful than business drivers.
DeleteAnd they do not make profit!!!!!!!!!! Resealing of airplains is just one of bookkeeping mambo jumbo. Niko se nije usrecio sa Cluj-Napoca i darezljivim blgarskim putnicima.
DeleteAnon at 18:26 I read your post three times and it still doesn't make sense. Can you repost when sober? Thanks.
DeleteAnonymous@18:25: But that's my point. LH Group expanded into various markets because it saw opportunities there. They didn't set out to serve a predetermined, politically defined "region."
DeleteLH is not just about looking for opportunities, they seem to be about killing them as it fits them. Didn't LH had a lot of hate for all red/white painted airlines from Berlin (Interflug, Air Berlin)? Were they upset when Etihad invested in Air Serbia and Darwin? LH treats LOT more like an enemy within alliance, not an opportunity that should be supported.
DeleteWhat might be an opportunity for small Ex Yu countries to have a single airline that is larger, more resilient and profitable could be viewed as completely opposite interest for LH, even if they could have made money on such Ex Yu arline. LH is not just about profits, they also seem to be about strategic destruction of everyone else in CEE.
The best is that the Slovenian government will pay Lufty to fly to Ljubljana !!!
ReplyDeleteMaybe the government should pay the one hundred most prominent Germans to cry and pray for Slovenia and ist stupid politicians ???!
All the other airlines must be stupid to fly there gratis ...
Agree, I hope the government pays A LOT of money to these airlines. Why would you bother flying pax to LJU if you can earn money by flying an empty aircraft.
DeleteJust another demonstration of stupidity and incompetence by our government ..
DeleteI remember the time when Purger suggested that 4K should buy other Ex-YU airlines
ReplyDeleteI think that was the initial plan.
DeleteThe plan was that YM was to be acquired by 4K and to be merged with JP ..
DeleteThis is bad news for Montenegro Airlines.
DeleteYour memory is not good at all. I was not suggested, but warned. Montenegro and Croatia negotiated with 4K and I was fighting against this idea. I hope you remember that from very first day I was writing that 4K is not good company.
DeleteQuote:
"Stoga informacija od prije dva mjeseca da je 4K ozbiljan kandidat za kupnju Croatie sa kojim se ozbiljno pregovara u Vladi Hrvatske nije bila iznenađenje. Isto tako provjerena informacija da 4K pregovara sa Vladom Crne Gore nije me iznenadila. Čak štoviše i dok se nije znalo tko je fantomska „velika“ investicijska kuća koja već ima avio-kompaniju u portfelju naglašavao sam glavnim zrakoplovnim stručnjacima Crne Gore da je to sigurno 4K. I bio sam u pravu. No, istovremeno sam ponavljao de se 4K ni na koji način ne može smatrati velikom kompanijom (kako to ističe Vlada), te nikako nije iskusan u avio-businessu, toliko specifičnoj grani ekonomije u kojoj ne pomaže baš previše iskustvo u ostalim branšama.
Upravo zato sam i ponavljao da model koji provode u Adriji ne može polučiti dobre rezultate. Nažalost, i ovo se obistinilo.
4K pokušava projekt prezentirati kao uspješan.
(...) Sve to govori da management improvizira i istinski nije vičan avio-businessu. Ovoliko mnogo pogrešaka govori ili da su ljudi koji vode ovaj segment 4K businessa totalni diletanti ili se to radi namjerno sa ciljem bankrota kompanije. Daleko više o fijasku Adrije pisao sam u prošlotjednom članku.
A Vlade Crne Gore i Hrvatske doživljavaju 4K kao ozbiljnog kupca od kojeg se očekuje razvoj dviju nacionalnih kompanija. I dok Hrvatska ima i drugih ponuda, Crna Gora slijepo slijedi Adrijin put, i pregovara jedino sa „velikim investitorom“, kako oni percipiraju 4K."
https://tangosix.rs/2018/20/11/kolumna-alena-scurica-preuzima-li-4k-montenegro-i-croatiu-airlines/
Purger when Adria complained about Air Serbia you said "Mislim da Adria ima dosta veliku šansu u ovom slučaju" and "Mislim da tu postoji dosta velika šansa da Er Srbija dobije velike sankcije ili barem određene direktive Evropske unije". Did you change your mind?
Delete@ Purger
Deleteyeah, I remember you were saying something like that. I guess I misunderstood. but you sure were wrong about what previous Anon said
Purger said everything about everything. He does carpeting bombing with opinions and then he warned and was right about everything, except of the 90% thing he wasn't
DeleteYes, and i hope he does so in future !
DeleteNot really.
DeleteAnonymous 30.9. at 19:48 today article is about PSO in Serbia.
DeleteNo, Purger your comments in post Anonymous 30.9. at 19:48 were not about PSO in Serbia, they were about Adria complaint to EC about Air Serbia. Don't try to change the topic. Here is the source with your picture and your comments. Do you still think as you said "Mislim da Adria ima dosta veliku šansu u ovom slučaju"?
Deletehttp://rs.n1info.com/Biznis/a497964/Posledice-slovenacke-prijave-po-Er-Srbiju.html
Slovenes will just fly (more) from neighboring airports. As they have done, even when Adria (the LH feeder) was alive. Not that much will change, LJU will remain a small regional airport, with most links to Star hubs, and the other major capitals of Europe.
ReplyDeleteWhat is this obsession with Star Alliance and Lufthansa?
DeleteVery sorry to hear this, I flew with them in March and they were excellent.
ReplyDeleteMy first ever flight was with them. Rest in piece Adria, you deserve it.
ReplyDeleteSad, they were close their 60th.
ReplyDelete"Since Adria's bankruptcy announcement this afternoon, 4K Invest shut down its website." Hope they are gone!!
ReplyDelete4K Invest will open a new company under another name and then advise the Slo government in setting up another national airline !
DeleteBtw good advice is not cheap ...
I have no doubt they will just rebrand. They bankrupted other companies in the past too but this got the most media exposure.
DeleteI guess the Estonian wunderkind won't be attending the "Wings of the Future" summit where he is keynote speaker.
ReplyDeleteGood bye Adria. You deserved much better than these crooks.
He is not a keynote speaker. He's got 20min ... in the backstage ...
DeleteA sad day for aviation and for all of ex-yu. Rip Adria
ReplyDeleteRetire at 58 - sounds good
ReplyDelete;)
ADRIA MAFIA PLAYING DIRTY, THEY JUST COLLECTED ANOTHER BSP INVOICE PAYMENT TODAY, AS I WARNED BEFORE, they collected last payments due today 30SEP from invoices from sales period 15SEP to 20SEP2019 where nobody from IATA travel agents has had rights to adjust or refund, tricky game from them to get some last cash.
ReplyDeleteOnly former YU countries travl agents via their IATA BSP's have sold weekly from some 6 to 7 digit amounts
IR
Sad for so stupid response from CAA and Travel association from ex YU countries
"6 to 7 digit amounts" in korean wons
DeleteMislim da bi ErSrbija trebala da razmotri uvodjenje novih letova za Ljubljanu u drugom talasu da privuku i transvere za zapad,Kolko god ljudi pricali da je glupo leteti na zapad preko Beograda uz dobru cenu karata AS moze uzeti dobar deo kolaca iz Ljubljane.
ReplyDeleteMogli bi leteti i preko LJU.....
Deleteif econimic figures are not of importance to JU than they should do that,otherwise it is nonsence..
DeleteAS moze da se takmici sa svima njima na lokalnom trzistu. I sa manjom cenom karata letovi mogu biti profitabilni. AS leti ATR-om koji je naj ekonomicniji avion a svi gore pomenuti lete mlaznjacima od preko 140 mesta koje treba napuniti,pogotovu preko zime.
DeleteSamo još da svi pristanu da lete ATRom preko Beograda... ;)
DeleteAko je usteda po karti 100e pa jos ako se leti porodicno 3-4 clana, veruj mi propeleri ATR-a zvucace kao naj finija muzika za uho :)
DeleteWell for decades they were flying on the uncomfortable CRJs, they are used to small regional planes. Also at this rate they will be flying from LJU to BEG on A319 and 733 :D
DeleteCRJ is absolute luxury comparing to current ATR fleet JU has...
DeleteSamo sto su CRJ prizemjeni a ATR-ovi lete
DeleteYet the Atr is flying while the CRJ isn't, if you know what I mean ;)
DeleteThen again the amount of Slovenes flying on JU these makes sure the Atr is not sent to LJU.
LOL!!
that was only logical decision and hope slovenia will establish new small but efficient narional carrier
ReplyDelete"small but efficient national carrier"....yes, you can find it in magic forest, it is guarded by unicorns ;)
DeleteHaha, good one :D
Deleteadd the words "and highly profitable" and the joke is perfect
DeleteAnonymous30 September 2019 at 21:38
Deletewhy are you replying to your own posts
Well done, grave diggers from 4K. On to the next one now? Why is your website down, are you adding Adria to your "references" list? I suggest 4K is renamed to 30M - for €30 million channelled out of Adria.
ReplyDeleteFlew Adria first time in 1994, route LJU-GLA-LJU and many more latter, last time few months ago LJU-VIE-LJU. Never had ant bad experience, only few ordinary winter condition delays.
ReplyDeleteBest of luck to the employees in the job hunt!
RIP!
Just in case nobody noticed, 4K website is gone. Just like Adria's money. It's a shame the government didn't do ANYTHING to prevent these crooks from stealing all the money. Hell, they even sold the company to them.
ReplyDeleteSorry, just noticed now that a lot of people noticed it :).
Deletethink that would be great screenplay for a movie..something like The Wolf of Wall Street
DeleteR. I. P. Adria, who'll be next? All ex-yu airlines will be under the Eurowings logo and Lufthansa mother... Purger was right... What a sad day!..
ReplyDeleteno one of the ex-yu airlines can't survive without the state subsidies so it just question of timee
DeleteRight about what exactly? Original idea was that behind 4K purchase was Lufthansa
DeleteAdria - the only ex-Yu carrier that had scheduled flights to the Seychelles!
ReplyDeleteNo wonder they went bankrupt. lol
DeleteAir Serbia with its A330-200 at Seychelles Airport -
DeleteYou can find on Internet if you search .
That wasn't a scheduled flight for Air Serbia. Google a bit more about Ljubljana-Seychelle flights in the 90s.
DeleteLH has completely removed flights to LJU, they are currently absent from Slovenia.
ReplyDeletebad news for LH Group.
Yes, as Slovenia is such a huge market. LH is surely posting 1bn loss next quarter due loss of flights to LJU.
DeleteHaha ...
DeleteMost Germans do not even know that Slovenia and Slovakia are not one and the same country.
If the market was that insignificant then AF-KL wouldn't be putting so much effort to conquer it.
DeleteDva aviona. Pljuc.
DeleteDva aviona plus Transavia ;)
DeleteA real shame. I've flow Adria many times—the crew have always been very friendly, and the planes small but comfortable. Srečno to all the employees.
ReplyDeleteHappyfarewell
ReplyDeleteSo sad flown Adria over the years was a preferred airline to and from the Balkans for many people traveling to and from Ohrid, Pristina,Tirana
ReplyDeletePeople in TIA can switch to JU which offers so much more than Adria could ever.
DeleteWas the Big Guy from Estonia brought into Slovenia to reborn Adria the Nordica way? The question is who could be the right airline partner? JU or any of EU carriers: A3, AF/KL, BA, LH,LO,OU,SK ?
ReplyDeleteGuess he might need some more time to make it happen. Still Estonian was state owned when become bankrupt. Adria was a private entity, so he needs to find right partners on government side to talk as well as airline partner interested to coop.
Does anybody knows what is the status of Adria's flight school ? Adria Airways is 100% owner of the flight school and airplanes school uses. Adria also sold the building flight school is stationed to Adria Tehnika.
ReplyDelete