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Old December 27th, 2015, 12:29 PM   #141
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Ljubljana terminal overhaul to begin next year

The overhaul of Ljublaja Jože Pučnik Airport's terminal building will begin next year and is scheduled for completion in 2018. The long-awaited renovation will be carried out in several phases. Managing Director, Zmago Skobir, says the planned refurbishment will tackle "bottlenecks" at check-in and security. Furthermore, the airport plans to expand commercial and retail space and improve passenger comfort. During 2016, work will also start on moving a nearby road in a bid to enable better access to the terminal building and allow for the development of a commercial and logistics complex to the north. This summer, the airport overhauled part of the apron, with the asphalt carriageway, built in 1975, replaced with a new concrete surface covering an area of 780 square metres. The ground signalling system was also upgraded.


Prior to the airport's takeover by Germany's Fraport last year, minority shareholders blocked the construction of a multi million euro new terminal building, citing unfavourable economic conditions. The new terminal was meant to cover an area of 31.200 square metres, with its opening planned for this year. The original price tag for the project stood at 73 million euros but was reduced to 57 million. However, Mr Skobir says a brand new facility is still planned for Jože Pučnik Airport. "In the next phase a plan will flow, in accordance with passenger growth, for a second terminal, which will probably be a bit different from the exiting one", the Managing Director notes.


Ljubljana Airport has seen strong growth this year. By December 24, it handled 1.420.826 passengers, an increase of 10.3% compared to the same period last year. Aircraft movements grew 3.9% to 22.875, while the volume of processed commercial cargo rose by 2.5% to 9.939 tonnes. The growth is attributed to the arrival of new foreign carriers and the use of larger aircraft on existing routes. Adria Airways has seen its passenger numbers increase 5% from/to the Slovenian capital this year, while foreign carriers grew 22.2% in 2015. The airport says it expects "moderate" growth in 2016. It's busiest year on record remains 2008 when it registered 1.673.050 travellers through its doors.

http://www.exyuaviation.com/2015/12/...begin.html?m=1
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Old January 2nd, 2016, 03:26 PM   #142
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Adria to launch Klagenfurt charters


Adria Airways will operate charter flights from Klagenfurt in southern Austria to the Greek island of Cephalonia, the airport has confirmed. Services will operate each Saturday, starting June 4 through to September 10. Due to its close proximity to Ljubljana Airport (just seventy kilometres) and Graz, Klagenfurt Airport has struggled to attract passengers and airlines. This year, due to low interest, passengers on chrters from Klagenfurt to Rhodes were bussed to Ljubljana instead from which they flew to their final destination with Adria.



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Old January 5th, 2016, 06:36 PM   #143
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ADRIA Adds Pristina – London Luton Link from June 2016


Star Alliance member ADRIA Airways in summer 2016 season plans to add new connection to London, offering Pristina – London Luton operation. Starting 19JUN16, this route will be served once a week on Sundays, with Airbus A319 aircraft.

JP426 PRN1820 – 2045LTN 319 7
JP427 LTN2130 – 0150+1PRN 319 7


http://airlineroute.net/2016/01/05/jp-prnltn-jun16/
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Old January 12th, 2016, 08:46 PM   #144
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Adria set for capital injection


The Slovenian government plans to inject about three million euros into Adria Airways, the "Delo" newspaper reports today, citing unofficial sources. It will receive an additional two to five million euros from a German private investment fund, possibly 4K Invest or Callista Private Equity. Adria Airways was not available for immediate comment, nor was the Slovenian Sovereign Holding (SDH), the state investment fund in charge of privatisation and managing state assets. In July last year, SDH called for expressions of interest into buying 91.58% of Adria. In October it said several parties had shown interest. Next Tuesday, a key vote is scheduled to take place concerning an eight million euro capital hike. The company is likely to be sold via the capital increase.



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Old January 19th, 2016, 06:59 PM   #145
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4K Invest to buy Adria for €100.000

The German investment fund, 4K Invest from Munich, has signed a contract for the purchase of a 91.58% stake in Adria Airways at a price of €100.000. The new shares will be distributed by April 20, after which the German fund is to complete the acquisition pending regulatory approval and the implementation of a series suspensory conditions. Details of the conditions were not immediately available. Furthermore, the airline's shareholders approved a capital injection amounting to 4.1 million euros, of which one million will be provided by 4K Invest and the remaining 3.1 million by the Slovenian government. 4K Invest specialises in acquiring medium and large-sized companies with poor operating performance. It aims to establish real value creation through systematic restructuring. Although it has so far restructured over 200 companies, Adria becomes its first airline venture. The Slovenian government has managed to sell its biggest assets in the aviation sector, with Ljubljana Jože Pučnik Airport operated by Germany's Fraport, and the aircraft maintenance company, Adria Airways Tehnika, now run by Poland's Linetech Holding.

Speaking at today's extraordinary shareholders' meeting, where a vote on the capital injection was taking place, Adria's CEO, Mark Anžur, said the company recorded a net loss of some five million euros in 2015, following its first profit in seven years in 2014. Mr Anžur is confident the airline will post a three million euro profit this year, fuelled by its contract with the Estonian government to provide commercial and operational support to Nordic Aviation Group. The Slovenian Sovereign Holding (SSH), which is overseeing the airline's privatisation process, says Adria will have to carry out additional measures to insure liquidity despite the capital injection. However, the SSH noted that Adria will essentially preserve its existing business model. "Adria Airways will continue to focus on the Slovenian, Albanian, Kosovan and Macedonian markets. It will operate with modern aircraft and offer global connection through the Star Alliance network. Adria will continue to develop a hybrid business model. The new buyer will renew the airline's fleet and grow its network. Adria will continue to offer services in Estonia as part of its existing obligations", the SSH said.

Today's vote marked the culmination of Adria's second privatisation attempt, after an international call for bids published in August 2012 failed. Back then, a total of ten parties submitted non-binding offers, although the bidders were never publicly revealed. However, it is believed that Welcome Air, a small Austrian-based airline operating two turboprop aircraft and the Dutch company Panta Holdings, which in 2012 purchased the German airline OLT Express (which has since gone bankrupt), were among the bidders. Also rumoured to have been interested at the time was Germany’s Intro Aviation. Unlike two years ago, Adria is no longer under investigation by the European Commission for receiving state aid.


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Old January 20th, 2016, 09:09 PM   #146
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Yes, beautiful avion, viste my site please http://mulheresempreendedoras.net/ congratulations
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Old January 26th, 2016, 10:53 AM   #147
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Summer 2016 Adria Airways



Adria Airways presented its 2016 summer season timetable yesterday, which comes into effect on March 27. The airline's privatisation process, which will be completed in late April, will not impact on its summer operations as the Slovenian carrier prepares to roll out four new scheduled routes, including services from Munich to Olsztyn in north-eastern Poland, as well as charters between Austria and Greece. In addition, the carrier will strengthen its position at its hubs in Tirana and Pristina with the launch of a new four weekly service from the Albanian capital to Munich, as well as two weekly flights from Pristina to London Luton. Furthermore, Adria will run charters from Klagenfurt and Graz in Austria to Kefalonia and Kavala in Greece, between June and September. From its main hub in Ljubljana, the Slovenian carrier will introduce a three weekly service to Cologne, however, it will no longer run flights to Istanbul. The route was suspended earlier this month.

Adria will operate a total of 209 scheduled flights this summer season, of which 161 wil originate from Ljubljana. Flights from Olsztyn in Poland to Munich will run three times per week. The airport is currently served by the small Polish regional airline SprintAir, connecting the 21st largest city in the country with Berlin and Krakow. From Ljubljana, Adria will add an additional weekly frequency on its Amsterdam route and will again operate ten weekly flights to Skopje during the peak summer months, after reducing operations to one daily last summer. Furthermore, services to Pristina will see an additional six weekly flights, which will come into effect from late August. On the other hand, for a second consecutive year, Adria will reduce operations to Moscow, and will now offer flights from Ljubljana to the Russian capital six times per week. Similar to last year, the airline will run seasonal flights to London Gatwick, Manchester and Tel Aviv. This year, services to the Israeli city will begin at the very start of the summer season, unlike before when they commenced in June. From Tirana, the carrier will add an additional weekly flight on its services to Brussels and Paris, while from Pristina another weekly service will be introduced to Frankfurt.

The Slovenian national carrier will introduce a new charter service from Ljubljana to Girona in Spain. Furthermore, it will resume its traditional charter services to the Greek islands of Zakynthos, Lefkas, Kefalonia, Skiathos, Chios, Santorini, Rhodes, Kos, Lesbos, Mitilini, Samos, Crete and Karpathos. It will also run flights to Antalya in Turkey and plans to resume charters to Hurghada in Egypt as well. Maribor did not garner a mention in the airline's preliminary summer schedule, although the airport's Managing Director says talks with the carrier are still ongoing. Adria resumed operations from Maribor Edvard Rusjan Airport last year following a fifteen-year hiatus. It operated seasonal flights from Slovenia's second largest city to London Southend Airport.

Please note that the changes listed below are preliminary. The table displays the peak weekly frequency on each route during the course of the summer season. Increases in frequencies to some destinations may not come into effect until later on in the summer. The 2016 summer season lasts until October 29.



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Old February 3rd, 2016, 10:08 AM   #148
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New owners plan to optimise Adria


The German turnaround fund, 4K Invest, which will officially become Adria Airways' new majority shareholder by the end of April, plans to optimise the carrier and reduce the airline's costs per passenger. The Munich-based investment fund has communicated its plans to the Slovenian Sovereign Holding (SSH), which has managed Adria's sale. "The fund had told SSH that it would stick to the current strategy. This means reducing costs per passenger, as well as an analysis of the processes and optimisation", Adria Airways' CEO, Mark Anžur, said. He added that one of the measures for cost optimisation includes reducing the workforce, especially in the back office. Of the 415 staff currently employed by the flag carrier, 150 are in the back office. "This is still a little too high compared to other carriers. But we face a challenge with economy of scale because of our size. Retaining a certain standard of service requires having a certain number of staff. Therefore, it is crucial for Adria to continue growing while reducing the share of its fixed costs", he said.

Despite possible layoffs, Mr Anžur is confident in the deal struck with 4K Invest, but admits he does not have the full details regarding the investment fund's plans since the bulk of the takeover talks were conducted by SSH. The carrier's CEO noted that the one million euros provided by the German fund and the further 3.1 million by the Slovenian government, as part of the capital hike, will keep the airline afloat until its new owners take over, after which they will implement their own strategy. Recently, the Slovenian Infrastructure Minister, Peter Gašperšič, said, "I hope and expect that Adria will emerge from this process stronger. I hope Adria will continue to operate in Slovenia, as well as in the region, where it can be competitive".

The early publication of Adria's summer timetable indicates the carrier will continue developing its network. The SSH recently said, "In addition to paying-up capital, [4K Invest] will provide for the viability and the development of the Slovenian national airliner, and enable other long-term positive impacts. Adria Airways will get a buyer who will restructure it, maintain the Slovenian airline and provide for its future development, enabling thus long-term positive impacts to the budget, the Slovenian economy, the development of the industry and of all the stakeholders of the company”. It added, "The money from the capital increase will be used to return Adria Airways to growth. Under its new ownership, the airline will maintain its hybrid business model, its Star Alliance membership and stay focused on the Slovenian, Albanian, Kosovo and Macedonian markets. The airline is expected to add more modern aircraft in order to grow its international network, according to the buyer".

The Slovenian Civil Aviation Agency, which is responsible for issuing operating permits to airlines, recently conducted an oversight of Adria Airways, under which it checked whether the carrier's finances are stable enough for it to retain its operating license. While Slovenian media speculated the Agency would ground the airline, as it is believed Adria recorded a five million euro net loss in 2015, the regulator issued a temporary license, which will be reviewed following the completion of the 4.1 million euro capital hike - on April 20. With the fresh capital, Adria is expected to easily extend its permit.


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Old February 4th, 2016, 02:39 PM   #149
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Quote:
Originally Posted by soncen View Post
Summer 2016 Adria Airways



Adria Airways presented its 2016 summer season timetable yesterday, which comes into effect on March 27. The airline's privatisation process, which will be completed in late April, will not impact on its summer operations as the Slovenian carrier prepares to roll out four new scheduled routes, including services from Munich to Olsztyn in north-eastern Poland, as well as charters between Austria and Greece. In addition, the carrier will strengthen its position at its hubs in Tirana and Pristina with the launch of a new four weekly service from the Albanian capital to Munich, as well as two weekly flights from Pristina to London Luton. Furthermore, Adria will run charters from Klagenfurt and Graz in Austria to Kefalonia and Kavala in Greece, between June and September. From its main hub in Ljubljana, the Slovenian carrier will introduce a three weekly service to Cologne, however, it will no longer run flights to Istanbul. The route was suspended earlier this month.

Adria will operate a total of 209 scheduled flights this summer season, of which 161 wil originate from Ljubljana. Flights from Olsztyn in Poland to Munich will run three times per week. The airport is currently served by the small Polish regional airline SprintAir, connecting the 21st largest city in the country with Berlin and Krakow. From Ljubljana, Adria will add an additional weekly frequency on its Amsterdam route and will again operate ten weekly flights to Skopje during the peak summer months, after reducing operations to one daily last summer. Furthermore, services to Pristina will see an additional six weekly flights, which will come into effect from late August. On the other hand, for a second consecutive year, Adria will reduce operations to Moscow, and will now offer flights from Ljubljana to the Russian capital six times per week. Similar to last year, the airline will run seasonal flights to London Gatwick, Manchester and Tel Aviv. This year, services to the Israeli city will begin at the very start of the summer season, unlike before when they commenced in June. From Tirana, the carrier will add an additional weekly flight on its services to Brussels and Paris, while from Pristina another weekly service will be introduced to Frankfurt.

The Slovenian national carrier will introduce a new charter service from Ljubljana to Girona in Spain. Furthermore, it will resume its traditional charter services to the Greek islands of Zakynthos, Lefkas, Kefalonia, Skiathos, Chios, Santorini, Rhodes, Kos, Lesbos, Mitilini, Samos, Crete and Karpathos. It will also run flights to Antalya in Turkey and plans to resume charters to Hurghada in Egypt as well. Maribor did not garner a mention in the airline's preliminary summer schedule, although the airport's Managing Director says talks with the carrier are still ongoing. Adria resumed operations from Maribor Edvard Rusjan Airport last year following a fifteen-year hiatus. It operated seasonal flights from Slovenia's second largest city to London Southend Airport.

Please note that the changes listed below are preliminary. The table displays the peak weekly frequency on each route during the course of the summer season. Increases in frequencies to some destinations may not come into effect until later on in the summer. The 2016 summer season lasts until October 29.



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Here you can see a nice analysis of Adria operation:

https://www.google.de/url?sa=t&rct=j...13370389,d.ZWU
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Old February 5th, 2016, 10:06 AM   #150
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Maribor Airport secures scheduled flights



Maribor Edvard Rusjan Airport, in Slovenia's north-east, has negotiated new scheduled flights for the 2016 summer season, which will see it linked to Dusseldorf and Split. Furthermore, the airport is in talks over potential services to Girona in Spain and flights to either Skopje or Pristina. The German-owned Express Airways will run services from Dusseldorf to Maribor twice per week starting March 24. The route was selected in agreement with local tour operators, while the connection is also expected to benefit local businesses which have strong links to the German state of North Rhine-Westphalia. In addition, Express Airways will launch a one weekly service to Split from May 5, with the airline anticipating strong demand for holiday packages to neighbouring Croatia this summer in light of security concerns at popular leisure hotspots such as Egypt and Tunisia. Furthermore, the carrier is in talks with Maribor Airport over the introduction of flights to Girona. As a result, Express Airways will become the only airline to operate scheduled services to Slovenia's second largest city this summer season.

The Managing Director of Maribor Airport, Ladimir Brolih, recently said talks with Wizz Air over potential services were ongoing but added that further analysis and discussions with the no frills carrier were required. Both northern Germany and Scandinavia have been identified as underserved markets from Slovenia. Maribor Airport handled 24.886 passengers last year, an increase of 41.7% compared to 2014. Last summer, Adria Airways resumed flights from Maribor following a fifteen year hiatus with a three weekly seasonal service to London Southend Airport. However, the airline has no plans to resume the route this year, despite previous promises to turn Maribor into its low cost base during 2016.

On the other hand, Montenegro Airlines plans to introduce seasonal charter flights from Podgorica to Maribor later this year, the carrier’s Assistant Commercial Director, Dragan Popović, said recently, adding that talks with Maribor Airport are in their final stages. The Montenegrin carrier intends to operate one weekly service between the two cities from mid-June to mid-September. The move is in line with the airline’s new strategy to expand operations within the former Yugoslav region. Slovenia was one of Montenegro Airlines’ fastest growing markets in 2015. Its scheduled Podgorica - Ljubljana service saw passenger numbers grow 53% compared to the year before. Recently, the carrier’s CEO, Daliborka Pejović, said the airline is considering adding frequencies to the Slovenian capital this summer.


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Old February 11th, 2016, 06:35 PM   #151
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LOT confident in Ljubljana service

LOT Polish Airlines, which will commence services from Warsaw to Ljubljana on March 1, says it is confident in the success of its new route to the Slovenian capital. The Polish airline says it is primarily targeting transfer passengers on the route heading to and from the United States. Speaking at a press conference, LOT's representative in Slovenia, Adrian Kubicki, said the airline wants to become the carrier of choice for Slovenian travellers seeking connections to Toronto, New York, Chicago and Beijing. "They will no longer have to travel through overcrowded and complex airport hubs in Western Europe", he added. LOT will run six weekly flights on the route with its Embraer aircraft. It will compete against Adria's three weekly service between the two capitals. "Adria is our competitor, but also our partner. I think we will have no trouble filling seats between us", Mr Kubicki noted. The Polish Ambassador to Slovenia, Pawel Czerwinski, emphasised that better connections will have a significant impact on relations between the two countries. "Our two countries are almost neighbours, but Poles and Slovenians don't know each other well enough", he said. He added there were still many opportunities for business cooperation, noting that the number of Slovenian tourists visiting Poland is still very low. In January, LOT resumed flights from Warsaw to Belgrade and Zagreb as well.


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Old February 13th, 2016, 12:22 PM   #152
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Maribor Airport eyes strong 2016 growth


Maribor Edvard Rusjan Airport, in Slovenia's north-east, is confident that new scheduled services to Dusseldorf and Split, to be operated by the German-owned Express Airways from April 28 and May 8 respectively, will prove popular with travellers and result in strong passenger growth. The airport estimates that the Boeing 737-300 aircraft operating the two routes will record an average cabin load factor of 70%. Therefore, Maribor Airport's Managing Director, Ladimir Brolih, anticipates that some 10.700 passengers will use the service to and from Dusseldorf by the end of the 2016 summer season. "Dusseldorf was selected based on expert analysis and it being the centre of one of the richest regions in Europe. In addition, there is strong economic cooperation between local businesses and the German state", Mr Brolih said yesterday.

Express Airways' CEO, Sefa Tuncer, noted that the new route from Dusseldorf to Maribor will be primarily used by holidaymakers from Germany, Belgium and the Netherlands who gravitate towards the North Rhine-Westphalia region in western Germany and will make up some 60% to 70% of all travellers on the flights. The airline will operate the route for a year and will then determine whether the service is profitable, since significant efforts and resources have been put into the new flights. Mr Tuncer added that Express Airways is also considering charter services from Maribor to Antalya in Turkey and Girona in Spain.

Maribor Airport aims to handle some 27.500 travellers by the end of the year, representing an increase of 10% on 2015. The airport says its numbers could exceed 30.000 if Express Airways follows through with all of its planned services. Furthermore, the airport expects to process 300 tonnes of cargo, up from 183 tonnes last year. Express Airways will be the only airline operating scheduled flights to Maribor this summer. Mr Brolih confirmed that Adria Airways will not resume its seasonal service to London Southend Airport launched last summer. The airport is still in negotiations with budget airline Wizz Air concerning potential new routes.


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Old February 21st, 2016, 11:20 AM   #153
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Adria's passenger numbers improve


Adria Airways carried 1.045.442 passengers on scheduled flights in 2015, representing an increase of 14% compared to the year before, the company said in a statement. It operated a total of 17.931 flights, up 8.3% year-on-year. However, the average cabin load factor declined from 70.5% in 2014 to 68% last year. The carrier says it used larger aircraft in a bid to cut costs, which resulted in the two point decline in occupancy. Adria hasn't published its financial results, although it is believed to have recorded a net loss of five million euros. Due to the ongoing economic slump in Russia, the airline saw revenue drop by 75% on its Moscow service over the past two years. Adria also experienced problems with its Zurich flights after Swiss International Air Lines launched services to the Slovenian capital. However, Swiss suspended its Ljubljana flights this January, with the Slovenian carrier retaining a monopoly on the route.

Adria Airways plans to handle 1.128.000 passengers this year on 18.000 flights. While the airline suspended services from Ljubljana to Istanbul last month, it will launch flights from the Slovenian capital to Cologne, from Pristina to London Luton, from Tirana to Munich and from Olsztyn in Poland to the Bavarian capital this summer. In addition to charters from Ljubljana to Greece, Turkey and Egypt, the Slovenian carrier will also launch leisure flights from Klagenfurt and Graz in Austria to Kefalonia and Kavala in Greece, between June and September. A total of 209 scheduled flights per week are planned to operate this summer season, of which 161 will originate from Ljubljana.

The Slovenian carrier is awaiting the completion of its privatisation process. The German turnaround fund, 4K Invest, which is expected to become Adria's majority shareholder by the end of April, plans to optimise the carrier and reduce the airline's costs per passenger, while maintaining the airline's hybrid business model, Star Alliance membership and its focus on the Slovenian, Albanian and Kosovo markets. 4K Invest signed a contract for the purchase of a 91.58% stake in Adria at a price of 100.000 euros. The new shares will be distributed by April 20, after which the German fund is to complete the acquisition pending regulatory approval and the implementation of a series of suspensory conditions. In addition, the fund will provide a one million euro cash injection.


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Old February 24th, 2016, 09:25 PM   #154
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Slovenia's Aero4M gets new jet


The Slovenian airline Aero4M, founded by local Slovenian aviation experts and the French Regourd Aviation Management team, is to take delivery of a Embraer E145 aircraft (registered S5-ACJ). The jet, previously operated by Luxembourg's Luxair, is almost seventeen years old. Founded in 2008, originally as a line and base maintenance company for helicopters, Aero4M developed into an airline and Continuing Airworthiness Management Organisation (CAMO) in 2012 when it received an Air Operator's Certificate (AOC). Aero4M currently operates a mix of Falcon 900s, Embraer E135s and ATR42s aircraft, mainly in Central Africa.


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Old February 28th, 2016, 10:17 AM   #155
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Ljubljana Airport begins terminal overhaul



Ljubljana Jože Pučnik Airport has begun upgrading its terminal building with the refurbishment to be carried out in several phases, until its completion in 2018. Slovenia's busiest airport has already added an additional arrivals and departures gate and is clearing space in a bid to expand commercial and retail areas, as well as improve passenger comfort. Furthermore, the airport will tackle "bottlenecks" at check-in and security with the aim of cutting down on queuing time. The brunt of the work will take place next year, when both the check-in area and baggage handling facilities will be expanded, while additional capacity will be added at baggage claim. Work will also start on moving a nearby road so as to enable better access to the terminal building and allow for the development of a commercial and logistics complex to the north.

Prior to the airport's takeover by Germany's Fraport in 2013, minority shareholders rejected plans for the construction of a multi million euro new terminal building, citing unfavourable economic conditions. The new terminal was meant to cover an area of 31.200 square metres, with its opening planned for 2015. The original price tag for the project stood at 73 million euros but was reduced to 57 million. However, the Managing Director of Juže Pučnik Airport, Zmago Skobir, says a brand new facility is still planned. "In the next phase a plan will flow, in accordance with passenger growth, for a second terminal, which will probably be a bit different from the exiting one", he notes.

Ljubljana Airport's terminal building was opened in 1973 but has since been reconstructed and refurbished. It stretches over 13.000 square metres. Ljubljana Airport handled 1.438.304 passengers in 2015, an increase of 10% on the year before. It welcomed 73.567 travellers this January, up 0.6%. The airport says it expects "moderate" growth during the year. Adria Airways is set to boost frequencies from Ljubljana this summer season and will introduce flights to Cologne, while LOT Polish Airlines will launch services from Warsaw in two days. It aims to carry 30.000 travellers on the route during its first year. Furthermore, Aegean Airlines will introduce flights from Athens in June.



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Old March 15th, 2016, 09:42 PM   #156
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Adria Airways sale complete


Adria Airways has been officially sold to the German turnaround fund 4K Invest for 100.000 euros. The German company now holds a 96.06% stake in the airline. The initial contract granted the Germans a 91.58% share in Adria, however, following 4K's one million euro capital injection into the carrier last week, the company was granted additional shares. The transaction was completed today, just a day following the carrier's 55th anniversary. Markus Zöllner, Holger Kowarsch, Martin Vorderwülbecke and Steve Röperhave have been named as new members of the airline's Supervisory Board. The Association of Small Shareholders expects for 4K Invest to make a takeover bid for the remaining Adria stock at one euro per share. 4K Invest specialises in acquiring medium and large-sized companies with poor operating performance. It aims to establish real value creation through systematic restructuring. Although it has so far restructured over 200 companies, Adria becomes its first airline venture.



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Old March 17th, 2016, 02:12 PM   #157
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Adria's new owner plans profit in first year


Adria Airways' new owner, the turnaround fund 4K Invest, plans to swing the Slovenian carrier back into profit in 2016 by expanding its fleet and growing its operations in Estonia through Nordica, the Baltic country's new national airline, which utilises Adria's Air Operator's Certificate. 4K acquired a 96% stake in Adria through its subsidiary AA International Aviation Holding GmbH on Tuesday. It intends to acquire the remaining shares, for a 100% stake, and will make a takeover offer to the shareholders in the coming days. After naming four new members to Adria's Supervisory Board, 4K Invest has also appointed Dr. Arno Schuster to the Management Board, who is expected to replace CEO Mark Anžur soon. 4K Invest is a leading European restructuring fund registered in Luxembourg and managed out of Munich.

4K Invest anticipates for Adria to be profitable by the end of the year. "Actually, we look quite positively into this year, expecting good results. Adria's strategy seems like a good fit for a regional carrier", Mr Schuster says, adding there are no plans to make any drastic changes in terms of the carrier's network. Adria is believed to have registered a net loss of five million euros in 2015 following a small profit in 2014, although no financial results have been published so far. 4K Invest notes that several Bombardier jets will be added to the fleet during the course of this year, mainly to serve new destinations in and out of Estonia. "Adria Airways will make good connections available for business customers and offer attractive ticket prices for tourists. It will continue to serve the markets of Slovenia, Albania, Kosovo and Macedonia, connecting these countries with the world through the Star Alliance network. It intends also to grow in Estonia, a new market it entered in November 2015", Mr Schuster adds, noting, "We want to grow with our own existing network and to make it more efficient". Adria's CEO-in-waiting admits that he has no experience in the aviation sector, but says 4K Invest has experts on corporate restructuring and that human resources within the company will provide know-how.

Adria Airways' pilots, who initially scheduled a day-long strike for tomorrow, have called off the industrial action following the airline's acquisition. The union and the new owner struck a long-awaited collective bargaining agreement on Tuesday. However, Slovenian media speculate that in the coming months, Adria's new owners will lay off a number of employees. Mr Schuster says 4K Invest will "definitely look at the cost base" but did not directly respond to questions concerning possible staff cuts. The current CEO, Mark Anžur, previously noted, "The fund had said that it would stick to the current strategy. This means reducing costs per passenger, as well as an analysis of the processes and optimisation". Of the 415 staff currently employed by the flag carrier, 150 are in the back office. "This is still a little too high compared to other carriers. But we face a challenge with economy of scale because of our size. Retaining a certain standard of service requires having a certain number of staff. Therefore, it is crucial for Adria to continue growing while reducing the share of its fixed costs", he said.


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Old March 31st, 2016, 10:20 AM   #158
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Croatia's Sea Air to launch Slovenian subsidiary


Croatia's Sea Air, which commenced operations last summer, has announced the launch of its Slovenian subsidiary. Sea Air Slovenia will initially operate services from Maribor to London Southend Airport. The route was maintained by Adria Airways on a seasonal basis last year, but did not resume this summer. Captain Grant Annals, Director of Flight Operations at Sea Air Slovenia, said Southend Airport had been chosen because of its focus on business. “Sea Air Slovenia is operating to Southend because we have executed due diligence into London airports, and we do believe that Southend Airport, together with its business oriented management, is the best choice for us as a small airline", Mr Annals said. He added, “Beside the very short ways from the aircraft to the exit, the passenger also has the advantage to have a good and cheap train connection to London. If we want to serve the London market, we need to have a flexible and customer-oriented airport, and this is Southend Airport".

Sea Air will fly to Southend Airport from both Munich and Osijek as well. Flights from Munich begin on Monday, May 9, while services from Osijek will commence on Thursday, May 12. Furthermore, the airline plans to run flights from Pula to Leipzig and Paderborn in Germany as of May 5. Tickets for most of the announced services are already on sale, though potential travellers should take caution when booking tickets. The airline previously said it would launch flights from Osijek to London Stansted, Pristina, Mostar, Zagreb and Tirana, as well as services to Kuwait City via Tbilisi, none of which materialised. The carrier plans to maintain operations with a wetleased 148-seat Boeing 737-300 jet and a 162-seat B737-400 aircraft.

Sea Air, which commenced operations on August 23, 2015, after delaying its inaugural flight on four occasions, does not hold its own Air Operator's Certificate (AOC) and thus operates all of its services under that of Maleth Aero from Malta. The company has said it is working towards obtaining a certificate from the Croatian Civil Air Office. Although Osijek and Pula airports are aware of Sea Air's plans for the summer, both have refused to feature the airline in their summer timetables due to its unreliable nature. According to the carrier, it offers a free drinks and meal service on board, as well as a 20kg free baggage allowance.


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Old April 1st, 2016, 10:13 AM   #159
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Adria to expand Lodz network


Adria Airways will launch new flights from its base in Lodz to Paris, as it continues to expand its presence in Poland. Flights between the two cities, which were not initially planned as part of the airline's 2016 summer season operations, will commence on June 2 and run three times per week, each Tuesday, Thursday and Saturday, with a Bombardier CRJ700 aircraft stationed at the airport. The service will be codeshared by Lufthansa. The Slovenian carrier already maintains flights from Lodz to Amsterdam and Munich - six and twelve times per week, respectively. The addition of the new flights are in line with promises made by Adria's new owners, 4K Invest, to continue developing the airline's operations in Poland, along with Slovenia, Albania and Kosovo.

The growth in Poland is part of a revised outlook at Adria to place less of a focus on the carrier's limited home market and to develop as more of a European than a Slovenian air carrier. The airline's former CEO, Mark Anžur, under whose tenure the carrier established bases outside of Slovenia, including Lodz last year, recently said, "Strategically we want to be a European carrier and not only a Slovenian carrier. We are embracing internationalisation. There are many reasons for this. One of them being that the Slovenian market is very limited. The Bombardier is an ideal aircraft for regional routes because it acts as an alternative to low cost airlines which can’t make a profit on certain flights with larger Airbus aircraft".

Earlier this year, Adria announced plans to launch flights from Poland's 21st largest city, Olsztyn, to Munich three times per week starting this summer. However, these flights have not been loaded into the system and the airline has not included the service in its summer season timetable, indicating they have likely been replaced with the new Lodz - Paris service. Lodz is centrally located in Poland and is the country’s third largest city. However, it is just 135 kilometres south-west of the capital Warsaw and the opening of a motorway linking the two cities in 2012 has reduced travel time to approximately just one hour, making it much harder to generate and sustain air services from Lodz. Adria's new CEO, Arno Schuster, recently said, "We look quite positively into this year, expecting good results. Adria's strategy seems like a good fit for a regional carrier. We want to grow with our own existing network and to make it more efficient". Flight details for the new Lodz - Paris service can be found here. This summer, the Slovenian carrier will also launch new scheduled flights from Ljubljana to Cologne and from Pristina to London Luton.


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Old April 7th, 2016, 04:16 PM   #160
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Adria grows fleet


Adria Airways has leased a Bombardier CRJ900ER aircraft, making it the seventh jet of its type in the carrier’s fleet and the second plane to join the airline this year. The aircraft, registered ES-ACB (pictured above), was previously operated by the now defunct Estonian Air and has been stored in Tallinn since November. It operated its first revenue service on Adria's behalf yesterday, between Ljubljana and Vienna. The 88-seat aircraft is five years old and will be leased by the carrier throughout the summer season. Its addition is in line with previous statements made by Adria's new owners, 4K Invest, that the fleet would be expanded with the addition of "several Bombardier jets" during the year. In January, the Slovenian carrier added a second CRJ700 to its fleet.

Despite Adria's plans to retire its aging CRJ200 aircraft during the first quarter of the year, the jet is now expected to remain with the carrier until further notice and has been scheduled on several routes this summer. The airline's former CEO, Mark Anžur, recently said that Adria was looking to add two planes during the year, indicating that one would be a Bombardier and the other an Airbus aircraft. However, he added that the airline needed to strike a balance between demand for more seats in the summer and weak winter demand. With the latest addition of the CRJ900, the Slovenian carrier plans to operate a total of twelve aircraft this summer - one CRJ200, two CRJ700 s, six CRJ900s and three Airbus A319s. An additional CRJ900 is being leased out through much of the season.

Last month, Adria concluded a short-term wet lease of one its CRJ900s to Air Serbia. The jet will operate for the Serbian carrier with Adria crew from June to September. The aircraft in question, registered S5-AAV, is just three years old and is currently being leased to CityJet, which is using it to operate flights on SAS Scandinavian Airlines' behalf. Adria Airways boasts the youngest fleet of any national carrier in the former Yugoslavia, with its average age at 9.3 years old. The airline recently announced the suspension of three routes and the cancellation of its planned new service between Ljubljana and Cologne. However, it will launch two new services from Poland, from Lodz and Olsztyn respectively.


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