23-Apr-2012 1:44 PM

Adria Airways CEO confident it can secure strategic investor

Adria Airways CEO Klemen Bostjancic, during CAPA’s Airlines in Transition CEO Summit, said he is confident the carrier will succeed in its search for a new strategic investor. “We are trying to find a strategic partner. There are many that are trying to do this. But I truly believe we will find one,” he said. Mr Bostjancic acknowledges several Eastern European flag carriers which are also seeking new investors will not survive. But he believes Adria, following its recent restructuring, is in relatively good shape as it now has one of the lowest cost structures among European legacy carriers. Adria recently forged a new contract with its flight attendants which significantly lowered costs and improved productivity. A similar deal was forged last year with the Slovenian carrier’s pilots.

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