newstodate.aero
Oct 01, 20190 (newstodate): It's game over for another European airline: Slovenia's Adria Airways.
After suspending almost all flights for days, the arrest of several of its aircraft and no cash left, the airline has now filed for bankruptcy, leaving a massive debts pile.
The airline was given October 2, 2019, for coming up with a viable restructuring plan, but threw the towel into the ring before that for lack of resources.
Since May 1, 2019, Sven Kukemelk has been serving as the carrier's CEO, taking up his position with lofty ambitions that over the coming years the airline should more than double its fleet, and build a strategy of turning Ljubljana Joze Pucnik Airport into a transfer point between the Balkans and Western Europe.
Instead, the carrier continued its year-long flight towards a final crash.
After suspending almost all flights for days, the arrest of several of its aircraft and no cash left, the airline has now filed for bankruptcy, leaving a massive debts pile.
The airline was given October 2, 2019, for coming up with a viable restructuring plan, but threw the towel into the ring before that for lack of resources.
Since May 1, 2019, Sven Kukemelk has been serving as the carrier's CEO, taking up his position with lofty ambitions that over the coming years the airline should more than double its fleet, and build a strategy of turning Ljubljana Joze Pucnik Airport into a transfer point between the Balkans and Western Europe.
Instead, the carrier continued its year-long flight towards a final crash.