Heavily indebted Slovenian flag carrier Adria Airways is preparing a debt restructuring program that should enable it to find a strategic investor. “Adria will draft shortly a restructuring programme and will try to reach an agreement with creditors by the end of the year,” says Maks Tajnikar, head of Adria’s board of directors. He also confirmed that management was working on Adria’s consolidation “so that it will be fit for a strategic investor”. Adria Airways, a state-owned company, has $115 million in financial liabilities and is about $39 million in debt with its suppliers. The company has a fleet of

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In
   
Forgot password? Click here to reset
New User? Click here to register