Adria Airways temporarily suspends all flights amid financial struggles
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Slovenian flag carrier Adria Airways has announced that it will suspend operations from 24 to 25 September due to cash flow difficulties. The Star Alliance carrier operates a fleet of 20 narrow-body aircraft to 19 destinations across Europe, including Amsterdam (AMS), Paris (CDG) and Zurich (ZRH) from its hub in Ljubljana (LJU), and recently announced plans to operate to Liverpool (LPL) next year.
The news was announced late Monday following the highly publicised suspension of operations by Thomas Cook, meaning two European airlines suspended all flights on the same day.
The airline’s financial situation worsened significantly late last week as two of its CRJ900 aircraft were repossessed by lessor AeroCentury due to ‘substantial lease payment defaults’, according to a press release. Adria Airways’ management insists the suspension is temporary and is intensively searching for potential investors. The airline is owned by private investment fund 4K Invest, which sold its airline assets and has been using leased aircraft to operate flights.
Passengers travelling on Adria on Tuesday and Wednesday this week are instructed to contact Adria sales offices to reschedule flights, noting the airline intends to operate flights as normal from Thursday onwards. However, this is highly subject to change.
Featured photo courtesy of Riik@mctr/Flickr.
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