Slovenia’s national carrier Adria Airways files for bankruptcy, ceases all operations
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Following several days of temporary suspended operations amid increased financial difficulty, Slovenia’s national airline Adria Airways has cancelled all flights and filed for bankruptcy. The airline’s owner, 4K Invest, declared the airline insolvent late on Monday, following 400 cancelled flights over the past week.
The Star Alliance carrier had been operating one flight consistently during the cancellations, a link between the country’s capital of Ljubljana (LJU) and Frankfurt (FRA) to connect passengers with its alliance partner Lufthansa. The Independent reports that Lufthansa had been funding these flights for the past week.
Since suspending flights, the airline has not operated to the UK. More than 10,000 passengers are estimated to have held forward bookings with Adria at the time of its bankruptcy.
Several of Adria’s small fleet of aircraft have already been repossessed with aircraft lessors.
If you have a booking with Adria, check your travel insurance to see if it covers airline insolvency. Given the number of airlines collapsing this year, it’s a good idea to ensure your insurance covers this. You can also try to contact your credit card provider to perform a charge back.
The Slovenian Government, which sold the airline to private German investment firm 4K Invest in 2016, is considering establishing a new government-owned airline to help the country’s economic and tourism industries. The government has no plans to bail out Adria.
The news is the latest in a string of European airline failures in the month of September, including Thomas Cook, XL Airways and Aigle Azur.
Featured image by Riik@mctr/Flickr.