The sale of AAT has become bogged down by the protracted disposal of Adria Airways, a process that is expected to be completed in the next few months. With the vast majority of AAT’s core business emanating from Adria a judicious pause in the disposal of the aircraft maintenance concern seems to be an apposite decision, especially as both companies could feasibly be sold to the same purchaser. Adria Airways were in this situation three years ago when a failed attempt by the Slovenian government to divest itself of the loss-making airline resulted in further state-subsidies to keep the airline airborne. Once Adria returned to the well that had long since run dry it was left with little option other than to apply for a bridging loan whilst the process of the sale and lease back of several of its remaining jets was finalised. With few available courses of action open to Adria, they and the incumbent Slovenian administration will hope for the best possible deal for the airline to be concluded as expeditiously as possible.
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