Thursday, October 6, 2016

Adria to become Limited Liability Company

NEWS FLASH


Adria Airways’ owner, AA International Aviation Holding, has adopted plans to transform the Slovenian carrier into a Limited Liability Company (LLC) with a capital of 7.642.455 euros. As a result, Adria Airways’ supervisory and advisory boards will be dissolved, while company CEO, Arno Schuster, will stay in his post until March 25, 2020, although AA International holds the right to replace the existing management at any time. Furthermore, there will be no committees, meaning that employees will exercise their rights in line with their collective agreements and the law.

2 comments:

  1. Vreme je za penziju. 55 godina dosta je.

    ReplyDelete

Before posting a comment be mindful of other participants and readers. EX-YU Aviation News does not tolerate insults, excessive swearing, racist, homophobic or any other chauvinist remarks or provocative posts with the intention of creating further arguments. Such comments will be deleted as soon as possible. The opinions expressed by those providing comments are theirs alone, and do not reflect the opinions of EX-YU Aviation News. Thank you for your cooperation.