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Loss-making Adria may go into receivership or file for bankruptcy

16-Dec-2010 2:12 PM

Adria Airways reportedly may go into receivership or file for bankruptcy as it struggles to repay debt (Televizija Slovenija, 15-Dec-2010). The Brnik-based carrier reportedly has outstanding loans of EUR86 million and the banks are unwilling to extend their them or approve new ones. The carrier reported a EUR7 million loss in 1H2010 and is seeking a strategic investor or the formation of a regional alliance with other carriers in the Balkan region.