Showing posts with label ADRIA Airways. Show all posts
Showing posts with label ADRIA Airways. Show all posts

30 September, 2019

Slovenia carrier Adria Airways files bankruptcy papers.


On Monday, September 30, 2019, Adria Airways filed a motion for bankruptcy proceedings of the company at the Kranj District Court.

Bankruptcy proceedings were initiated by the management of the company because of the company’s insolvency and based on the Slovenian Financial Operations, Insolvency Proceedings, and Compulsory Dissolution Act (ZFPPIPP) which obligates the management of a company in the position of Adria Airways to file for bankruptcy proceedings of the company. 

The court has a three-day statutory period within which it shall decide on the opening of bankruptcy proceedings. 

The airline was forced to cancel most flights as aircraft leasing firms rapidly repossessed aircraft following the lack of payment of monthly leasing amounts. 










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26 September, 2019

Aircraft repossessed and just a week to keep its licence, the future looks bleak for Slovenian airline Adria Airways

Last-ditch talks are ongoing to save the Slovenia-based airline Adria Airways after it cancelled al flights on Thursday and Friday, following mass disruption to schedules on Tuesday and Wednesday.  Two of the airlines Bombardier CRJ 900s were repossessed by Falko their leasing firm owner, while they are in Munich due to non-payment of lease fees.  

AeroCentury which leases four aircraft to Adria has confirmed that "After many months of working closely with Adria Airways in Slovenia as it worked to improve its financial condition, today the Company gave notice to Adria of the termination of its leases for two CRJ 900 aircraft with immediate effect.".  It also served notice on another CRJ900 in Adria's fleet, warning "If Adria does not cure its payment defaults to the Company by September 27th, then this last remaining lease contract will be immediately terminated."  

25 September, 2019

Adria Airways halts almost all flights as aircraft get repossessed and it has a week to save itself

Last-ditch talks are ongoing to save the Slovenia-based airline Adria Airways after it cancelled al flights on Thursday and Friday, following mass disruption to schedules on Tuesday and Wednesday.  Two of the airlines Bombardier CRJ 900s were repossessed by Falko their leasing firm owner, while they are in Munich due to non-payment of lease fees.  

AeroCentury which leases four aircraft to Adria has confirmed that "After many months of working closely with Adria Airways in Slovenia as it worked to improve its financial condition, today the Company gave notice to Adria of the termination of its leases for two CRJ 900 aircraft with immediate effect.".  It also served notice on another CRJ900 in Adria's fleet, warning "If Adria does not cure its payment defaults to the Company by September 27th, then this last remaining lease contract will be immediately terminated."  

03 April, 2019

Not so super for Sukhoi as Adria cancels order for 15 SSJ100 jets


SSJ100                                   Photo SCAC
Sukhoi Civil Aircraft Company (SCAC) has been left reeling this week after the Slovenian national carrier, Adria Airways has cancelled its 15 aircraft deal to lease 15 SSJ100's.

The  Ljubljana Airport based carrier signed a 'Memorandum of Understanding' with the Russian aircraft manufacturer back on November 26th last year for the long term lease of 15 of the firms Superjet SSJ100 aircraft.  However, Adria Airways now says it has been unable to finalise the deal as it has doubts Sukhoi's ability to commit "to a fair and stable long-term partnership".

The airline had been intensively preparing for the arrival of the aircraft but shareholders and management decided they could no longer commit to the deal. "We are naturally disappointed that the collaboration with Sukhoi did not reach a successful conclusion, but the partnership was only viable if given objectives set by the strategic business plan were attainable. Unfortunately, in this case, we did not think this is possible," said Holger Kowarsch, the Managing Director of Adria Airways. 

17 December, 2018

ADRIA Airways signed a Letter of Intent for 15 Sukhoi Superjet SSJ100 and joint venture

Minister of industry and trade of the Russian Federation Denis Manturov said that JSC “Sukhoi Civil Aircraft Company” and ADRIA Airways signed a Letter of Intent (LOI) for 15 SSJ100 aircraft. The delivery is to be started at the beginning of 2019. They will be handed over under a long-term lease arrangement. In addition, both Parties signed Memorandum of Understanding upon establishing an SSJ100 Maintenance and Repair Organization (MRO) at Ljubljana Airport (Slovenia).

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