By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Adria Airway Declares Bankruptcy
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Signin Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2025 | All Rights Reserved
Travel Radar - Aviation News > News > Adria Airway Declares Bankruptcy

Adria Airway Declares Bankruptcy

Travel Radar
Last updated: 30 September 2019 23:40
By Travel Radar Staff 3 Min Read
Share
SHARE

Adria Airways has been operating a limited schedule over the past week due to financial troubles. The carrier is looking for prospective investors because it “remains dedicated in reaching positive solution for all” But the scenario looks rather grim. Huge debts, the unwillingness of the local government to cooperate with the present owners and a looming deadline for the continuation of the certificate of its air operator (AOC) have led to a challenging scenario for Adria.

The Slovenian airline announced in the early morning hours of September 30, 2019 that it will now boost today’s amount of flights from Ljubljana (LJU). Once again, Adria will operate return flights to Munich (MUC), Vienna (VIE), Brussels (BRU), Zurich (ZRH) and Tirana (TIA), while flights to Frankfurt (FRA) are the only flights that Adria has operated since the temporary suspension. These were the only ones that Adria has been operating since the temporary suspension. However, all flights were cancelled after the government’s recent announcement.

The recent news, announced by Slovenian Economic Development Minister Zdravko Počivalšek, has further complicated the scenario. Počivalšek said the airline’s bankruptcy is the only “possible scenario” out of the situation. Subsidised routes or a fresh Slovenian flag carrier were described as the alternatives in the event of Adria’s bankruptcy to substitute the capacity fall.

Adria Airways owes at least $98 million (€ 90 million) to multiple parties, including airplane lessors, who, according to 24ur, have already started withdrawing planes from the fleet of the airline. Latest reports have shown that the airline has access to ten out of 18 aircraft. Thirty million dollars (28 million euros) would allow the airline to continue its normal operation as a reorganisation process is finished. If the state refuses to provide the necessary money, the last resort for Adria Airways is a personal investor.

And the clock is ticking Slovenia’s Civil Aviation Agency (CAA) decided on September 25 not to terminate Adria’s AOC. But if Adria Airways wants to continue flying, the airline must provide the CAA with a restructuring plan by October 2, 2019, 23:59 (GMT+2).

 

Cover Image © Aleksander Markin

 

You Might Also Like

In-Flight Gambling: A Multi-Billion-Dollar Opportunity Grounded by History and Law

Moving Abroad: How to Choose the Right Country for Your Next Adventure

RwandAir Expands Fleet, Welcomes Two New Boeing 737-800s

Delta Agrees to Pay $78.75 million Settlement for Fuel Dump Lawsuit

airBaltic Celebrates 30th Anniversary

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad1
Happy0
Angry0
Travel Radar
By Travel Radar Staff
Follow:
Articles from guest contributors wishing to remain anonymous are credited to this account. Want to contribute to Travel Radar either in-name, or anonymously? Get in touch: [email protected]
Previous Article New Zealand Air Traffic Control Failure
Next Article The Golden Route: Flying China Airlines Hong Kong to Taipei
Leave a comment
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Qantas A321XLR
Qantas Orders 20 New A321XLR Aircraft
Aircraft Airlines Aviation Manufacturing Route Development
Federal Aviation Authority with University of Dayton researched the EMAS a safety feature
Philadelphia International Airport Installs new Safety Feature on Runway to Stop Overrun Aircraft
Aviation Travel Radar
JetBlue aircraft
JetBlue and Condor Expand Partnership to Boost Loyalty Benefits
Airlines Points & Loyalty Travel
Cochin International Airport Terminal
Kerala Aviation Summit 2025: Focus on Infrastructure and Flight Connectivity
Airports Airshow & Events Aviation
Finnair Airbus A330-300 on the runway at Heathrow airport
Finnair Launches New Mediterranean Routes
Airlines Aviation Route Development Travel
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • Latest News
  • Subscribe
  • Weekly Digest
  • Contact Us
  • Privacy Policy
  • About Us
  • Advertising
  • Media Coverage
  • Press & Events
  • Join Our Team
  • Our Brands

Signup to our Newsletter!

And get the latest aviation news via our weekly news digest!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?