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.
Loss-making Adria may go into receivership or file for bankruptcy
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CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines. In 2017 those profit levels may be eroded as oil prices creep back up, economies falter and political uncertainty abounds over matters such as ‘Brexit’ and the election of a new and unpredictable US president – along with the prospect of greater levels of protectionism and threats to open skies agreements. All of which, of course, must impact on airports.
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airBaltic reaps rewards of restructuring rigour in Riga. Launch operator of CS300 returns to growth
On 28-Nov-2016 airBaltic took delivery of the world's first Bombardier CS300 for commercial service, which will begin on 14-Dec-2016 with a flight from Riga to Amsterdam. It will receive a further 19 of the aircraft variant by 2019.
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