Adria Airways’ fate will be officially known in some 48 hours when the Slovenian Civil Aviation Agency announces whether the carrier’s owners have provided a sustainable long-term restructuring model for the debt-stricken company. If they fail to do so, the airline’s Air Operator’s Certificate will be suspended. Members of an employee committee established to look into rescue initiatives met with the Slovenian Minister for Economic Development and Technology, Zdravko Počivalšek, late last week to present possible options. However, speaking at a press conference today, the Minister noted that bankruptcy seems like the only possible scenario. He added the government was considering establishing a new airline some time in the future which would improve Slovenia’s international connectivity following Adria's collapse, but warned the process would take several months and would require a firm partnership with Lufthansa, as well as political consensus in the country.
Mr Počivalšek said Adria’s collapse would have short-term economic effects, but that other airlines would eventually step in to pick up demand. “Slovenia has tremendous tourist potential and carriers can take advantage of the country's need for air connectivity”, he noted. The Minister previously said the state would not “invest even a single euro” into the company under its existing ownership structure, as he believes the turn-around fund 4K Invest are to blame for the airline’s woes. It is believed Adria would need some 28 million euros to resume most of its operations. The development comes as the Slovenian regulator announced that another one of the carrier's jets, a Bombardier CRJ900 registered S5-AAK, has been repossessed. As a result, the company now has just nine aircraft at its disposal - five CRJs and four Saabs.
In a Facebook post on Sunday, the Slovenian Prime Minister, Marjan Šarec, said, “Adria Airways was sold because it was in a poor state. It was mismanaged long ago, even by some who today, in the media, suggest some miracle solutions. The state will not give financial assistance to the company under its present ownership in any circumstance because they would throw money away, and the law forbids it. In the past, a lot of money was thrown into the company by the state and eventually it was sold. I dare say that if everyone who managed the company on behalf of the state did their job well, we would not have any problems today”. He added, “Some time ago, I held talks both with the company’s management and pilots. I have to say that I do not trust the management because they would like to make money based on nothing. They obviously see the country as a cash cow, from which they want to milk the last cent and take it to somewhere unknown. Notwithstanding the above, the Government of the Republic of Slovenia and the competent ministries are preparing for the coming period. Either by setting up a new company or by providing connectivity through other carriers. Although we expect difficulties, the goal is certainly to maintain Slovenia's connection to the world, especially for tourism, but we must not neglect the fact that Slovenia will preside over the EU Council in 2021”.
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| Adria's repossessed aircraft have received new registrations |
Adding to Adria’s woes, the Slovenian market inspectorate, which oversees compliance with consumer-protection regulations, has fined the company for advertising and selling tickets for services which were subsequently suspended on September 24. It concluded that the sales amounted to misleading business practice. In her findings, the Slovenian Chief Market Inspector, Andrejka Grlić, said, “Adria Airways‘ management was fully aware that the company would be unable to operate planned flights since they had all available information on the firm’s financial state and available capacities”. Ms Grlić added that the inspectorate was monitoring and investigating other issues at Adria Airways as well. The company has been fined six thousand euros.
Adria operated the first service with its own aircraft and crew last night since September 24. The chartered flight pick-upped the Slovenian Men’s Volleyball Team in Paris who were runners-up at the European Volleyball Championships. However, the flight was fully paid for by a local Slovenian tour operator Palma, while the crew provided their services free of charge.
Basically the CAA is waiting for the government to decide if they will save Adria or not.
ReplyDeleteExactly. The CAA gave the government a deadline, not 4K invest.
Deletehow? it states that 4K should provide the plan. the state has already decided either to found a new company or to fill the void with other companies
Delete"the carrier’s owners have provided a sustainable long-term restructuring model"
Is it just me or does the Slovenia PM sound very realistic and straight talking here?
ReplyDeleteFor a change, yes.
Delete"However, the flight was fully paid for by a local Slovenian tour operator Palma, while the crew provided their services free of charge."
ReplyDeleteThis is sad. Shame on you 4K Invest.
Rade kao robovi. Kaznjivo.
DeleteThey obviously did it voluntarily. They were not forced.
DeleteCrew was not paid their full salaries for August anyway, so they did a lot of flights for free already.
Delete@Anonymous 30 September 2019 at 09:06:
DeleteExactly!
In case of this sales failure the new company Adria Airlines should not connect with LH Group! I think this was hand in hand ..... made by 4K..... maybe there will be more effect of KLM-AF group .... and it is very important also in the strategy what will happen also with Maribor airport! We need own airline company and also own airport!
DeleteAfter reading this, one thing is for sure 4K is out. No one wants them anymore.
ReplyDeleteThank goodness. It took the government 3 years to realise what con artists they are.
DeleteNot sure if it is profitable for Slovenia to set up a new airline. Why not do something similar like Macedonia?
ReplyDeleteI'm not sure that is possible. Slovenia's geographic location and diaspora size doesn't make it feasible for Wizz to base a number of planes and fly to places in Germany and Scandinavia with A320s.
DeleteThey can try with a public-private partnership.
Delete1. Slovenia is EU country and cant "wash money" for wizz like Macedonia
Delete2. There is not enough big market for wizz like in SKP, with most of gastarbaiter routes
@ 09:06
DeleteToo bad people here persists with the hate rhetoric aimed at Wizz in Macedonia, as seen in point #1. That's a success story thru and thru.
I agree Wizz not being the best for LJU. But than again, none currently is.
Even as an EU country Slovenia spent huge amounts of money on Adria, much more than Macedonia ever did and does with subsidies for Wizz
DeleteIf the Hungarian government can spend millions on LO in BUD then the Slovenian government can spend as much on JP.
Delete"wash money" lol. arrogance or simply lack of knowledge
DeleteAre Holgar and the rest of the gang still in Slovenia or have they all left? I'm seriously wondering.
ReplyDeleteBy some adria employees, they are no longer in Slovenia and their status is uknown.
DeleteI would not be surprised if they are somewhere on the Cayman islands.
DeleteI doubt they will ever set foot in Slovenia again.
DeleteFor this "exit" scenario, they have nominated a clueless Accountable Manager and a dreamer of Nordica.. so at the end of the day.. they can blame them :)
DeleteI'm interested to see if Adria will be the one flying tonight's flights or will it be WDL or some wet lease airline.
ReplyDeleteThey don’t care about paying passengers. The two pilots who have been in the media for the past couple of weeks were by coincidence the ones flying the volleyball players to LJU yesterday. Such heroes.
DeleteIt was a PR stunt, so what?
Delete@9.08 it should be with Adria aircraft.
DeleteIt should be
DeleteZRH - CRJ700
BRU - CRJ900
MUC - CRJ900
VIE- Saab 2000
FRA - CRJ700
@09:26: All the employees seem to care about is PR stunts. But they don’t give a you know what about people who bought tickets with their hard earned money and will never get the money back, let alone any compensation.
Delete@9.34 and Tirana?
Delete* TIA should be CRJ900.
DeleteLet's hope these flights don't continue the tradition and are not delayed!
Delete@Anonymous 30 September 2019 at 09:35:
DeleteFirst of all, all my colleagues were very professional to the very last end. On my flight, they showed great compassion to all passengers affected by delays, cancellations and merged flights.
However, the general public does not give a "you know what" about the employees of Adria. Everyone is rooting for the bankruptcy. Poor passengers, they will never get their money back. And the employees? Will they ever get their salaries?!
Just to add to the previous comment: when Mura went down, people were full of compassion. I guess those Mura workers earning low salaries deserved it. But not these spoiled Adria a*holes. Right? Its all about envy.
DeleteAnon 10:19, you should be ashamed.
Delete@:Anonymous 30 September 2019 at 11:12:
DeleteWhy?!
I take it back, I misunderstood your sentence. I thought you were calling Adria crew a*holes and comparing them with Mura workers. Re-reading what you wrote and seeing that's not the case - I completely agree with your sentence. Apologies.
DeleteNo worries :).
Delete@10:15: So they were picking up calls from all the customers promptly and replying to all the emails and communication via social media?
DeleteProfessionally?
I was talking about aircrews.
DeleteIf 4K Invest is allowed to buy anything anywhere ever again that company deserves to go bankrupt.
ReplyDeleteWhat's the point of saving JP? It's like your house being on fire, you manage to stop it but the damage is done. Slovenian government would have to stop the fire from spreading, end it and then invest another round of millions in order to fix the mess that happened.
ReplyDeleteNot worth it. Let others handle the Slovenian market.
Slovenian Airways? Air Slovenia?
ReplyDeleteAdria.
DeleteAdria Airlines?
DeleteAdria 2.0.
DeleteSlovenia Airlines (A member of the OU group in very very small writing underneath)
DeleteAir Adria(tic)
Delete+
Adria Wings
But those names were already taken...
Znaci jos evra ekipici iz 4k.
DeleteNova Adria
DeleteNo new airline construct please, it will fail again, why? To compensate for the relatively high fix costs (airline is small but running an airline is also quite complex and the smaller the airline, the higher the proportion of these costs), you would need larger aircraft, also to be competitive with prices. Now Slovenia is just a 2 mio market and last year only 400K departed on JP ex LJU as O/D passengers, so the market to fill these A320 planes is not there, ergo flights are operated with CR9s or CR7s, also to hve more departure waves a day. And here is JPs problem. Instead of 180 passengers on A320 they fly 86 pax with CR9 with higher ticket prizes, for many Slovenians too high, so they depart fm Graz, Trieste, Venice, Treviso, Bergamo or Zagreb.
ReplyDeleteIf even the CR9s are not full, u soon become unprofitable
Thats why it makes no sense to waste any EUR anymore for a new airline construct but to invite LH group airlines to fly to LJU. Same time SLO needs to invest taxpayers money into new hospitals to improve medical care services, new retirement homes and improve public transportation such as tram lines in LJU, S Bahn Network in LJU, new rail and busstation in LJU
Why discriminate by inviting LH Group airlines and not some other ones? Why pushing for MUC and not more flights from LJU?
DeleteAF-KL has stood by Slovenia and has actually responded in time, they are the ones who should get subsidies.
U can invite who ever u want but Slovenias largest trade partner is Germany, after that Asutria and Italy, also largest investors come from there, largest tourist numbers come fm there, Slovenia is also focused to these countries as it shares similar values, traditions and mentalities. Most alliance members are fm miles & more in Slovenia. Therefore it is logical to secure somehow of a base load on yr flts that u let operate to ZRH MUC VIE FRA
DeleteYet TK is the number one airline in LJU and BEG has as many passengers as VIE. In aviation such things don't really matter.
Delete"it shares similar values, traditions and mentalities"
Deleteone stereotype after the other- what values, traditions and mentalities do e.g. the Dutch and the French share (Skyteam) or the British and the Spanish (One world)
with all do respect ju520 beglax, but with some of your comments, sometimes I think you just came out of a time capsule
From what I see slovenes love JU as well so your borderline racist comment makes no sense.
DeleteWith regard to above comment:
Delete"AF-KL has stood by Slovenia and has actually responded in time, they are the ones who should get subsidies."
I must say, that is not true. AF and KLM stood only for themselves, as they hiked ticket prices for LJU-CDG through the roof during the last week (from normal 149 EUR to exorbitant 446 EUR).
To be fair, they are just after the money, nothing else.
Anonymous30 September 2019 at 11:34
Delete"From what I see slovenes love JU as well so your borderline racist comment makes no sense."
I must dissapoint you, that we, Slovenians don't exactly love JU, but we must take, what is left at LJU ... flying through BEG to Western Europe is really not rational at all.
Biggest trade partner, biggest tourist numbers, largest investors also don't make any sense, do they ?
If you quote JU520 BEGLAX, then do it completely, everything else is unfair.
Sad seeing those JP birds with new registrations.
ReplyDeleteMeanwhile Air Serbia has once again boosted LJU.
ReplyDelete29.09
A319 in the evening.
30.09
A319 in the morning.
Atr in the evening
02.09
B733 in the morning
B733 in the evening
03.09
B733 in the morning
Atr in the evening
All flights are already in the system.
And also Nis flight tonight with A319.
DeleteYeah but that's a regular line and I don't think they are in the rescue fare system... though maybe they don't have to since tickets are already quite cheap. This line could be great for all those who were stranded and who were going to SKP, PRN, SOF ...
DeleteImpressive! Great job to both JU and LJU.
Delete03.09. i vecernji let prebacen na B733 kao i nedeljni
DeleteFlew LJU-BEG this morning with 4 in business and 122 in economy.
DeleteSorry BEG LJU
DeleteDefinitivno AS radi dobar posao u Ljubljani. Mozda trebaju da razmotre uvodjenje novih letova u trecem talasu da privuku i transvere ka zapadu.
DeleteAlthough symbolic I'm glad they got fined for selling tickets for non existent flights. That's just shocking.
ReplyDeleteYep, but it will change nothing. They will never pay the fine and they will keep selling tickets until CAA pulls their AOC (hopefully on Wednesday evening).
DeleteExactly they will pay nothing. I feel sorry for all the people whose money have been wasted on tickets. I'm sure some people bought tickets months ago.
DeleteThey are still breaking the law and selling tickets for the future.
DeleteI fear LH has given up on Slovenia.
ReplyDeleteLH group has a lot of issues itself. Saving airlines from smaller markets isn't their priority I would assume.
Deletedont worry Air Dolomiti is growing. Air Dolomiti is gonna connect LJU with MUC and FRA
DeleteI was already thinking about Dolomiti.
DeleteThey are half Italian half German, know the (surrounding) market, are part of LH Group and operate the right metal with 100 seaters, which are not too big for LJU, and should have a smaller cost base compared to e.g. LH Cityline or similar.
If LH/EN can free up the capacity, they should surely go for LJU and base 3 E190 in Slovenia to operate FRA 4x daily and MUC, VIE, ZRH twice daily each. That would seem logical, perfect and suitable capacity and LH could secure the market.
I love Air Dolomiti and I love their E jets, but the E195 might be on the big side for LJU.
DeleteThey were also supposed to take over E190s that should not have more than 100 seats
DeleteFlight radar has them flying this afternoon and pretty much all of tomorrows services??
ReplyDeleteIt was already written that they will fly this afternoon to LH hubs plus Tirana (one way).
Deletehttps://www.exyuaviation.com/2019/09/adria-remains-grounded-as-debt-reaches.html
We will know about tomorrow this evening. My guess is they will fly the same cities as today.
just waiting for the "fake news" guy to start preaching again ... any minute now
ReplyDelete+1000
DeleteThese flight Adria has this afternoon, I can't believe crew will show up and work. For what? They are not going to get paid and they have already not been paid for half of August and they won't get September pay either.
ReplyDelete@anon 9:48: well if we stretch the question into the legal sphere and assume that the management will even act upon it, then techically if they don't show up and/or don't follow the employer's orders for work they can get fired with no notice period and they are not eligible for unemployment benefits at the unemployment office. So it's not the one missed salary, but a potential max. 25 months of unemployment benefits question.
DeleteThey have many ways to refuse flying duties. But people still believe deep down miracle will happen.
DeleteThey can declare unfit to fly.
DeleteWhat if the fuel companies refuse fuel.... you think they will be asking for cash up front.
Deletethe flying personnel has more options, but the ground crews are on thin ice, but could halt the company also. it's not only the pilots. But if the didn't show up, management or some supplier would probably file for bankruptcy the same day. Or in this case at hand wait until wednesday and the CAA would revoke them anyway so the bankruptcy motion would go on thursday.
DeleteBut as things go and are "heard on the streets" the employees are pubshing through the political parties (SD and The Left) to be back on the state t**ty. And the politician just love to flock around other people's money. So we'll see today what the governemt plans to do.
@Q400: I think Finance newspaper reported that previously one hangar that was left was a collateral for Petrol. Now that the hangar was transfered to ADria Tehnika as payment in kind, Petrol demands upfront payment and is refusing to give JP any credit line. This is how it was reported. If it is 100% true, I don't know.
DeleteFrom 4K website. LOL
ReplyDelete4K INVEST has an investment and restructuring team with an impressive track record
Highly successful in-house investment team
High transaction security: more than 150 successfully completed transactions
Experienced in-house restructuring team (no external advisors)
Excellent reputation among various stakeholders (i.e. unions, workers‘ council, credit insurers)
Biggest mistake not buying them ruski Sukhoi jets. Russia could've aided Slovenija out of the storm.
ReplyDeleteReliable jet and much improved safety.
The Russians pulled out because the 4K crooks started blackmailing them. But I agree, Adria would have made it.
DeleteOh, that would be great great joint venture :)
DeleteOne turnaround experts meeting other turnaround experts, we can not decide which ones were causing more damage to businesses with their involvement :))
I highly doubt LJU airport will recover soon with the disappearance of JP. Slovenia is just not the market for Wizz for example and many airlines in Europe are struggling itself currently, opening new routes to LJU won't be their priority. Slovenia is just too small and surrounded by many other airports like Zagreb, Rijeka(from march to october), Pula (march to october).
ReplyDeleteVenice Treviso and Venice airport, Trieste. And even Vienna & Budapest are not that far.
Besides that for many people that are not from LJU itself like Maribor & Celje its even closer to drive to Zag, and those people don't take Bregana - Obrezje border so they dont wait that long.
Therefore if they want to keep LJU the size as it is today they should save JP if not I fear that they don't need to build the new terminal anytime soon.
Agree, there is no real potential in LJU apart from foreigners visiting Slovenia.
DeleteVIE and BUD are too far from LJU. It's cca 4 hours driving. PUY and RJK are quite small and the road connections are not great.
DeleteFor serious (ie frequent and reliable) busines connections realistically only ZAG and TRS are useful. VCE possibly for the extreme west of Slovenia.
The real problem for wizz starting LJU is the lack of a gasto market. Which ist itself good for Slovenia, as people are not emigrating in masses as they do in other EE countries.
DeleteTourism itself can hardly sustain year round routes. You need a mix of everything. Wizz is often used by business especially on routes with more frequences.
Slovenia will lose also the connections to transfer destinations such as SKP, SOF, PRN
At the end, it will be mostly WE hubs, sadly
@An.11.02
DeletePersonally witnessed quite large number of LJ car plates (and KP and others as well) at RJK. And you are not right about "not great road connections". The part from Ljubljana to Postojna is highway. The part from the border till Krk Bridge (basically RJK airport) is highway as well. The only part which is not highway is Postojna-Pivka-Ilirska Bistrica, around 30 km, and that road, despite some curves and up downs is decent as well. The bus makes it in 2 hours, I drive it in 1h30 - 1h40. That much from me.
Viamichelin says it is over 2h...
Delete4K invest, Intro Aviation all the same crappy investors.
ReplyDeleteI think when Adria goes bankrupt, Lufthansa will make use of Cityjets CRJs.
If they have so many surplus aircraft, why were/are they leasing Adria, Air Baltic, SunExpress?
DeleteNo point in creating new airline. Let others cover the market.
ReplyDeletea new airline already has been created...
DeleteWhich one?
DeleteIs it SkyX?
DeleteYes and they plan on operating a fleet of SAAB, I guess that's why LH Group has not reacted.
DeleteLOL
DeleteSkyX is a registered company and has absolutely nothing to do with Adria.
DeleteThe news conference just ended with Minister of commerce of SI. It looks like Adria is in the last seconds of the flat spin towards chapter 11. Government will not invest a cent, not just due to 4K ownership but also due to screaming read figures. Two possible scenarios after flat spin ends.. 1st they will let carriers to grab whatever slots/lines they see fit.. 2nd they (government) will consider founding a new national carrier (allied with LH)... both scenarios will take months to realize. That is it..
Deleteno chapter 11. in european-continental legal terms that is more akin to the compulsory settlement (business restructuring), which generally in EU states you cannot really do in practice.
DeleteWhat the minister is saying is chapter 7 of US bankruptcy code - straightforward standard bankruptcy.
just speaking legal for our non-lawyer members here to clear things: under EASA you cannot have AoC if you are deemed insolvent. And as long as the insolvency state is ongoing you cannot have AoC. But with chapter 11 you are technically insolvent but need cash-flow to cover the agreed debt. So it is cancelling one another out. You're insolvent, but have to fly to gain cash to pay the settlement, but you cannot fly because you can't have AoC if you're not solvent.
That was basically the overwhelming practice in European states. That's why every insolvency basically ended with classic bankruptcy proceedings.
the minister apparently said the only way forward for JP is bakruptcy. hence governemnt is not going to have anything to do with the current JP.
ReplyDeleteI do have to say, that this is one of the few times I've been convinced in the wisdom and fairness towards the taxpayers form my government. Well done, you've gained points in my book. On that front at least. Let's hope that the new airline they are pushing towards, will not be a total and complete waste of money on account of rampant corruption and nepotism, that is usual when in to comes to government owned companies here. In the end I do not really care if they will make a loss year after year, if the company will at least be frugal and run well enough, without the usual balkan business shadiness.
ReplyDeleteA "new airline" costs a lot of money to start. And run. As for your hope ... well, you know how things are done here, don't you? :)
DeleteAlso, see post by Anon 13:15 below.
Link: https://www.zurnal24.si/slovenija/ne-le-da-ji-ne-zelimo-dati-nit-centa-v-tako-adrio-ne-nameravamo-vstopiti-334865
ReplyDeleteThe most important things said by minister for economical affairs:
- 4K is irresponsible owner and there was mismanagement
- state will not lend money or cooperate with current Adria
- state will not buy or overtake Adria from 4K, becuase 4K in this case will not be responsible anymore for situation
- there are two options for future:
A. leave everything to the market
B. established a new airline
- they are in close contacts with Luft Hansa
And, khm, khm, he forgot to tell that he was the Minister for Economic Development when Adria was sold to 4K.
DeleteDimwitted Slovenes have a very short term memory. It's sure gonna sound nice when it's time for reelection to be the minister who said no to Adria's recapitalisation.
DeleteIt will be a pain in the arse for the pilots. Wihout Adria, commuting will be almost impossible. The only solution is to relocate the family, send kids to school elsewhere and pray to whomever that the new company doesn't close the base. Like Ryanair has a habit of doing. Huge problem!!
ReplyDeleteLosing a job is always a pain in the arse. That's part of the reason why we have social benefits. Throwing huge sums of money (eg. 100 million EUR) away, just so a couple of hundred of well educated people, with good potential to find another job, can keep doing what' they've been doing.. just does not seem right, right?
DeleteThis is what happens to every single person in the country (or the world), when their employer goes bust.
DeleteTough luck, it's called real life and it's high time Adria pilots see it as well.
Oh, really?! Guys and gals working at Mura, SCT, Vegrad didn't have other options in Slovenia?! Let me guess, because no other company has a sewing machine or a bulldozer? It's not the same, is it?
Delete@Anonymous 30 September 2019 at 14:16:
DeleteAre you sure you're not making things up just to justify liquidating a company? In the country? Show me ONE company in Slovenia that went bust, whose employees had to relocate with THEIR families abroad not knowing if they'll still be working in that country in a year or so.
Let me help you, there is NONE. Next time I suggest you keep your hands of the keyboard before posting stupid comments.
because in this instance i know some figures and facts from my job, i'll share it with you:
Deleteactually a lot of Mura employees are still on the social welfare benefits... too old and without any skill ( alot of them had only elementary school an/or 2 years of textile high school). and no, the whole textile industry collapsed so only a minority got jobs in the same industry. A lot of them went to Austria to work in the leather factories, some who had experience of working on farm went to work for agrucultural companies (also primarily in austria). It is actually confirmed data that in the belt from Maribor, Murska Sobota and to the north, about 8.000 - 10.000 are employed in Austria.
As for the construction workers the majority of engineers opened their own engineering frms and vegetated for some year, quite a lot of them went to Austria. The workers mainly went to the north - austria, germany, etc. Other firms did not hire that much, because they were all barely staying above water, because there were not enough projects in the crisis.
So your suggestion would be to go to Austria (I guess Graz and Klagenfurt) or start my own airline?!
DeleteYou just proved my point. You have NO idea about aviation. I guess those Mura workers are also very afraid to be based somewhere else in case their new employer determines that sewing machines will be better employed in Spain or France.
i couldn't care less what and where you do it's your choice, as long as I as a taxpayer don't pay for the luxury in the black hole for money disappearing. hint: you can join the army. i heard they are short on helicopter pilots at the moment. so big oppurtunity.
DeleteAnd I couldn't care less where your money goes. It's a shame that the government didn't decide to spend YOUR money on Adria. Real shame. I would be laughing my ass off knowing that YOU paid for MY business class tickets to go to Seychelles on holidays.
DeleteGood luck at whatever you're doing. I sure hope you're not one of those freeloaders working in public sector, spending taxpayers money posting stupid comments on public forums instead of working.
AA ceased ticket sales on its website. - Finally.
ReplyDeleteAll the flights for today/tommorow are cancelled.
ReplyDeleteAll flights cancelled today and tomorrow…
ReplyDeletehttps://upload.wikimedia.org/wikipedia/commons/e/ea/Thats_all_folks.svg
Deletebut now that the government has spoken, maybe the employees will pich in and buy the company for 1 EUR, and then we will see how profitable they will become. I'll make a prediction that they will kill eachother at the very basic question who shall be named the CEO and which cost can be reduced. That is usually the case with "samoupravljanje"....in practice it means CSIT - controlled samoupravljanje into terrain
ReplyDeleteJust to calm you down, nobody will be buying Adria. But since there a lot of Slovenian smartasses out there, why don't they try it. Hell, they seem to know everything. It should be to difficult to run a company and fly an aircraft at the same time.
Deletei was sarcastically rooting for that in my previous post....only forgot the sarcasm on button :) i remember seeing somewhere on facebook a post from one JP's pilot and the beginning was something like "... i'm not an economist, but ..." .... you know i'm not a neurosurgeon, but hey, give me your familiy member for some exploratory brain surgery....and don't worry i work construction for Strabag :D
DeleteActually, I had those half brain Slovenes in mind who are rooting for Adria's demise. I feel the employees. It's difficult, especially for those who will have to relocate abroad.
Delete"Slovenian Minister for Economic Development and Technology ... added the government was considering establishing a new airline ... following Adria's collapse, but warned the process would take several months and would require a firm partnership with Lufthansa"
ReplyDeleteWHAT!!!!! It would REQUIRE a FIRM partnership with LH???? Who on Earth could REQUIRE that from a government of Slovenia? Does Lufthansa own the country of Slovenia so they can force it?
There is no reason for ANY kind of partnership with LH. Let LH group fly their own planes from their hubs to LJU, just like Air France, Air Serbia, Aeroflot, Turkish and others do right now.
As if there was not enough pointers so far indicating LH interests are possibly behind 4K and destruction of Adria. If there is any chance for any new airline in Slo, it should stay away as far as possible from LH and Star Alliance.
It's still unofficial, but Adria already filed for bankruptcy. RIP. :-(
ReplyDeleteIt's official
Deletehttps://www.exyuaviation.com/2019/09/adria-airways-files-for-bankruptcy.html