Adria Airways: a January sale of the Slovenian flag carrier?

The protracted sale process of Slovenian flag carrier Adria Airways appears to be entering its denouement, following reports that a meeting scheduled for 19th January 2016 called to discuss and vote on a recapitalisation package, rumoured to total €8 million and designed to see the ailing airline through the notoriously lean winter season, will decide…

Adria Airways Tehnika and Paloma: respective privatisation processes completed

The ongoing privatisation process of fifteen state-owned companies has this last week seen the emergence of a strong Polish presence in Slovenia, with Paloma tissue products and Adria Airways Tehnika(AAT), two of the publically-held enterprises that have proved easier for the government to offload, passing into the hands of companies registered in Poland.Paloma's acquisition has…

Adria Airways: will the need for recapitalisation deter would-be suitors?

Recapitalization seen by Adria Airways as vital for its continued presence in the skies throws into considerable doubt the viability of the ongoing bidding process for 91.58% of the Slovenian flag carrier. Having identified a figure of €8 million to maintain services through the traditionally fallow winter season the state restructuring company Slovenian Sovereign Holding(SSH)…