Shareholders have blamed Adria’s management for a lack of vision and holds them responsible for their inability to restructure the company. They accused CEO Tadej Tufek and the President of the Board of Directors, Maks Tanjikar, of bad management and highlighted that both are members of the ruling political party. “Adria is on its deathbed while the same management team is at the saddle”, the letter states.
Meanwhile, Adria has received a major blow after the largest Slovenian bank, NLB, rejected to issue a multi million Euro, short term, loan to the national carrier. The bank itself is a 7% Adria shareholder.
The Slovenian national carrier today launches flights from its new base in Priština. By the end of October 2010 the airline carried some 1.026.016 passengers, up on last year’s result.