Adria Airways: sale of Slovenian flag carrier agreed in principal

GOING...GOING...FINALLY GONEThe seemingly interminable denationalisation of the troubled Slovenian flag carrier has been concluded, at the second time of asking, although the wishes of the Slovenian government to divest themselves of Adria Airways have been bubbling under the surface since its initial failed attempt in 2012.As widely reported in the Slovenian media, on the Ex-Yugoslav…

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: employees unhappy at perceived unequal treatment during bidding process

The acquisition of Adria Airways Tehnika(AAT) by Warsaw-based aircraft maintenance specialists Linetech Holding(LH) has been roundly condemned by AAT's workforce, who, having formed a standalone company predicated on forcing through an employee buyout are dismayed that they weren't given ample opportunity to raise their initial bid, in response to what ultimately proved to be the…

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: German companies compete to acquire the troubled airline

A Teutonic influence over the Slovenian aviation industry heralded by the 2014 Fraport takeover of Ljubljana's Brnik aerodrome could see a further German incursion into the country's flight sector, with news breaking confirming binding interest in flag carrier Adria Airways from three Germany-based investment vehicles.Whilst calls for expressions of interest failed to factor in Adria's…