Adria selling flight school, hangar, office building, simulator and more
Adria Airways is selling its assets in further attempts to cut costs and return to profitability. The Slovenian carrier is selling off its maintenance hangar at Ljubljana Airport, its apron, workshops, flight academy, simulator and office building. The tender deadline for the submission of offers for the abovementioned property has been set for August 30. Originally, the tender call was to be closed yesterday but has been extended by over a month. The winning bids will be selected based on the quoted price. The greater the offer, the greater the chance of selection.
Out of the assets being sold, the apron is the largest. It covers an area of 2.773 square meters. It is followed by the hangar which takes up an area of 2.357 square metres. Adria has three hangars at Ljubljana Airport, the latest being built in 2007. Ljubljana Airport has become a regional Bombardier service facility and maintenance for various customers is carried out at the hangars. The office building being sold at Slovenia’s busiest airport is 1.132 square meters while the workshops stretch over an area of 1.668 square metres. Furthermore, the Slovenian carrier is selling its 100% stake in the Adria Airways Flight School as well as its flight simulator for flight navigation and procedure training.
Adria introduced radical cost cutting measures two years ago, and so far they have been working. While the airline is still recording losses, they have gone down significantly. This year passenger numbers have also begun to pick up. In a recent tweet, Adria Airways CEO Mark Anžur said, “Adria’s performance is improving month by month”. Through the sale of its assets, Adria is hoping to solve its liquidity problems. The tender, which began on July 10, gave only nine days for potential investors to send in their bids and the tender call was only published on the airline’s website. As a result, the tender has been extended.