Adria Airways Files for Bankruptcy

By Anna Breuer on 3 October 2019
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Lipica, a village in Slovenia

Lipica, a village in Slovenia

Another European airline has bit the dust.  Adria Airways, a Slovenian airline operating scheduled and charter service, filed for bankruptcy and ceased operations.

“Bankruptcy proceedings were initiated by the management of the company because of the company’s insolvency,” the airline, which is owned by German investment firm 4K Invest, said in a statement.

As a result of the filing, the country’s minister of economic development, Zdravko Počivalšek, said that the government was studying the possibility of setting up a new airline to maintain crucial air links.

Earlier in the year it cancelled a number of routes, including service to Brač, Bucharest, Dubrovnik, Düsseldorf, Geneva, Hamburg, Kiev, Moscow, and Warsaw.  In September, two of the airline’s Bombardier CRJ900 aircraft were repossessed.

The airline was founded in 1961 as Adria Aviopromet, which translates to Adria Airways, with two used Douglas Commercial DC-6B aircraft purchased from KLM. It launched jet service in 1969 with a McDonnell Douglas DC-9.

(Photo: Accura Media Group)

Accura News

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