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Old July 4th, 2019, 10:19 AM   #421
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Ljubljana Airport starts work on new terminal



Ljubljana Jože Pučnik Airport has begun preparatory work for the construction of its new passenger terminal. It comes a week following the signing of a 17.3 million euro deal with contractors GIC Gradnje and Elcom. The joint bid was the lowest out of the six companies which were vying to build the new facility. According to the airport's planned timeline, construction is set to run for some eighteen months. Testing of the new terminal and its equipment is scheduled to commence in January 2021, while its opening is set to take place in June that same year, just ahead of Slovenia's six-month Presidency of the Council of the European Union, which begins in July.



Stretching over 10.000 square metres, the new terminal will feature a new departures hall with 22 check-in counters, five security lanes, three baggage carousels, a new baggage sorting facility, a large duty free shop, a new premium lounge, as well as new food and beverage facilities. The existing passenger terminal, which stretches over 13.000 square metres, will also be partially renovated. The two facilities will then be joined to form a single functioning unit. “The new terminal will allow us to serve peak traffic periods better, as well as future-proof the airport for the next fifteen to twenty years, resulting in an improved experience for passengers and airlines", Ljubljana Airport's General Manager, Zmago Skobir, said. The new terminal will significantly boost capacity from 500 to 1.280 passengers per hour. Mr Skobir previously noted that part of the existing terminal which will not be overhauled will likely be utilised by low cost and charter carriers in order to provide product differentiation and allow further passenger growth.



Operator Fraport Slovenija is also pushing ahead with its Airport City project, which aims to develop the airport’s commercial infrastructure in order to meet the needs for logistic services, hotel accommodation, office space and commercial premises. "The development of the surrounding business zone has been enabled with the recent relocation of the road passing by the airport. We will start building internal road infrastructure in the near future, and we have already attracted some investors to build their facilities in the business zone. Negotiations are also underway with a large international chain for the construction of a hotel near the airport", Mr Skobir previously said.


https://www.exyuaviation.com/2019/07...rk-on-new.html
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Old July 10th, 2019, 09:32 AM   #422
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Nordica to pursue Adria loan


Estonia's national carrier Nordica says it still plans to claim back a 7.8 million euro loan it made to Adria Airways, which has since depreciated, but gave no timeframe when it would seek repayments, noting it was "no secret" the Slovenian carrier is having financial problems. Nordica, which was set up in late 2015 with the assistance of Adria, ended its partnership with the airline in November 2016 by giving it a 7.8 million euro loan at a contractual interest rate of 15%. For a year following the foundation of Nordica as the successor to bankrupt Estonian Air, Adria was the carrier's most important partner, providing it with a booking system, as well as operational services and staff training.

Upon the completion of the partnership in 2016, a part of Nordica’s liquid assets in Adria were converted into a loan as agreed by both sides. The result was a debt by Adria to Nordica in the form of cash debt converted into a loan. The loan period is six years, however, the Estonian carrier has constantly depreciated its value, which has raised eyebrows with auditors. PricewaterhouseCoopers, which has come under fire over its auditing of Adria's 2018 financial report, has reviewed Nordica's reports in the past, noting that the loan does not corresponded to good financial practice. It said there was insufficient proof of similar interest rates on the market, and hence they hadn’t been able to find sufficient evidence to assess the likelihood of Adria ever paying back the loan.

The Chief Financial Officer of the Nordica Aviation Group, Kristi Ojakaar, told the Estonian daily "Postimees" the company would pursue loan repayments. "We devalued the loan since the probability of a full repayment was small, primarily because of Adria's difficult financial situation, which is no secret. Of course, this is not a gift. Adria paid off part of the debt last year, some 800.000 euros. We will actively continue to engage in claiming the debt", Ms Ojakaar said, but gave no details on the amount that is still owed. Nordica registered a net loss of 5.4 million euros last year, while Adria is expected to post one of its biggest losses to date. The cooperation agreement between Adria and Nordica was expected to last until at least the end of 2017, however, in 2016 the Estonian airline opted to ink a similar deal with LOT Polish Airlines and end its arrangement with Adria.


https://www.exyuaviation.com/2019/07...dria-loan.html
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Old August 7th, 2019, 05:29 PM   #423
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Foreign carriers push Ljubljana to record year


Ljubljana Jože Pučnik Airport is on course to register its busiest year on record despite a decline in the number of passengers handled by its main customer Adria Airways. In July, Slovenia's main airport saw its seventh month of consecutive growth by handling just over 207.000 travellers through its doors, an improvement of 4%. It welcomed its millionth passenger of the year on July 21, for a total of 1.070.000 by month's end. On the other hand, Adria Airways saw its figures decrease 7.6% during the January - May period. This year, foreign carriers are expected to account for half of Ljubljana Airport's total traffic, up from 44% in 2018.

The General Manager of Ljubljana Airport, Zmago Skobir, previously said, "We are investing a lot of efforts in attracting new airlines to destinations already covered by one of the carriers". Recently, British Airways introduced seasonal flights from London Heathrow to Ljubljana, Air Serbia inaugurated two weekly year-long services from Niš, while Air France's regional subsidiary HOP! plans to more than double its operations to the Slovenian capital this coming winter to thirteen weekly flights, up from six. Furthermore, budget carrier Wizz Air will increase capacity to Ljubljana this winter on services from Luton Airport by utilising its 230-seat Airbus A321 jet instead of the 180-seat A320 used last year. Flights to Ljubljana will initially be maintained three times per week during the 2019/2020 winter season before increasing to four from December.

Despite the growing role foreign carriers are playing at Ljubljana Airport, Mr Skobir believes Adria Airways will stabilise in the coming period. "I'm not concerned over the future of Adria Airways since I'm sure it will adapt to the growing passenger traffic, which is increasing in line with the Slovenian economy and tourism". He added, "We are pleased that, despite numerous issues the national carrier has faced over the past ten years, things have started to improve. We will see the future outcome but, for the time being, our cooperation with Adria is exemplary and we expect its future plans to have a further positive effect".


https://www.exyuaviation.com/2019/08...bljana-to.html
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Old August 17th, 2019, 10:19 AM   #424
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Adria's numbers decline during challenging H1


Adria Airways has seen its passenger numbers decline 6.7% during the first half of the year according to the Statistical Office of the Republic of Slovenia. The carrier handled some 537.700 travellers during the January - June period, down from 576.400 in 2018. During H1 of last year, Adria launched a number of new routes from Ljubljana, which were discontinued by the end of the summer season in late October. They included Geneva, Bucharest, Hamburg, Dusseldorf, Dubrovnik and Brač. The carrier subsequently suspended services to Kiev, Warsaw and Moscow as well. Furthermore, this February, the Slovenian carrier shut down its short-lived base in Paderborn in north-western Germany, from which it operated flights to Vienna and Zurich, that were jointly maintained a total of fifteen times per week.

During the first half of the year, Adria was forced to either cancel or modify a number of its flights due to operational reasons. In total, 2.6% of its operations were cancelled, contributing to the overall passenger decline. The Slovenian airline is unlikely to reach its 2018 traffic figures during which it handled 1.23 million passengers, an increase of 1.5% on the year before. In June, Adria's CEO, Holger Kowarsch, noted, "Last year we handled 1.2 million passengers, and only 400.000 of those were in and out of Ljubljana, the rest were transfers". The airline's busiest year to date remains 1987 when it welcomed 1.740.000 travellers on board its aircraft.

Meanwhile, Adria Airways is continuing negotiations with potential strategic partners. Despite recent media reports that interested American investors, which have been identified as Mesa Airlines, have walked away after undertaking due diligence of the Slovenian carrier, Adria has denied the claims, noting that the potential strategic partners were still reviewing the business. For its part, Mesa Airlines refused to either confirm or deny its interest in Adria, noting to EX-YU Aviation News, "As a public company, we are unable to comment on any involvement in potential corporate transactions". Earlier, Adria said it needed a strategic partner in order to expand its operations.


https://www.exyuaviation.com/2019/08...ne-during.html
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