Adria’s restructuring plan will be tough on employees which have already received a 20% pay cut. Furthermore, the plan entails selling some of the airline’s assets and restructuring previous bank loans. Banks, whose support Adria so desperately needs, have given their support to the restructuring plan, however they are demanding for Adria to be privatised by the end of the year.
Tajnikar has said that negotiations with potential foreign investors were under way, adding that Adria was counting on tighter ties with Star Alliance partner Lufthansa. Adria's debt stands at 130 million Euros, of which 80 million are outstanding bank loans, according to the daily “Dnevnik”. By the end of March this year it will be decided whether Adria’s operating certificate will be extended. In the unlikely event that it is revoked, the carrier would in effect close its doors on its 50th anniversary.