Adria tender expected in JulyAdria Airways is likely to be put up for privatisation early next month. On June 29, the government will discuss about the current state of the Slovenian national carrier and will review the work of the airline’s privatisation advisor. A tender call is expected to be announced soon after. Over the past few years Turkish Airlines, Qatar Airways and even Lufthansa have been rumoured as potential investors, however all seem to have interests elsewhere. Turkish Airlines is already experiencing problems in the region with its 49% stake in B&H Airlines and is eyeing LOT Polish Airlines, which will be put up for sale later on in the year. Qatar Airways ruled out any interest in Adria late last year and has had bad experience in Europe when it tried to negotiate an unsuccessful takeover of the now defunct Spanair. Lufthansa on the other hand is trying either sell off or restructure its recent acquisitions in Europe.
The amount of shares the Slovenian government is prepared to sell is still unknown. Such questions are expected to be answered on June 29. Adria could be attractive to potential investors due to its strong regional network and absolute home market domination. On the other hand, its weaknesses are its accumulated debt and a potentially complicated relationship with the government and workers unions.
The CEO of Adria Airways, Klemen Boštjačič, has said that if the privatisation process fails, the airline will look at merging with the carrier’s of the former Yugoslavia. Yesterday, the Croatian and Slovenian ministers in charge of transport met to discuss possible future cooperation between Croatia Airlines and Adria Airways. The meeting comes days after the Croatian Minister for Sea, Transport and Infrastructure, Siniša Hajdaš Dončić, announced a possible merger between the two carriers.
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