Croatia Airlines to begin strategic partner search

NEWS FLASH


The Croatian Minister for Sea, Transport and Infrastructure, Oleg Butković, announced this morning that Croatia Airlines will begin its search for a strategic partner later this year. Speaking at a buisness summit in Zagreb, Mr Butković said, "Croatia Airlines has undergone the restructuring process and has since improved its finances and launched new routes. However, the only solution for the carrier is to seek a strategic partner. This will be one of the most important topics in our aviation industry in the coming period. The ministry, jointly with Croatia Airlines' management, will begin looking for potential investors this year". Croatia Airlines was put up for sale in 2014, however, no interest was expressed during an international tender. Last year, the carrier's CEO noted that an investor would be required in order for the company to grow faster. By mid-2017, a proposal was drafted for the privatisation process and several airlines across the world had been contacted. However, there has been no progress on the matter since.

Comments

  1. They should give 4K a call. Maybe they are still looking for failing businesses to invest in.

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    1. Why failing businesses? OU carries 2,1 Million Pax with 12 aircraft why Air Serbia carries 2,5 with 21 aircraft. In that comparison they actually do quite well...

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    2. JU has the Serbian government and Etihad to watch over it so don't worry about them.
      If OU was doing fine they why would they need a strategic partner??

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    3. He is nor worrying about JU, you are worried about OU, and than when he gives you numbers you punch under the belt. So typical ...

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    4. Actually number is not correct since JU handled over 2.5 million passengers last year.

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    5. yes, and how much? 2,501?

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    6. A lot more actually.

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    7. It actually carried over 1.6 million. I was just pointing out since you were being precise with the Croatia Airlines figures.

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    8. It carried 2,6 million while OU carried 2,1 Million. Tht is 500.000 more passengers in a year with 10 aircraft more. 23% more pax with 75% bigger fleet.

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    9. http://www.exyuaviation.com/2018/04/ex-yu-airlines-handle-65-million.html

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    10. I do not get the point of above discussion. The difference in fleet size does not mean automatically that JU must have almost double more passengers comparing to OU.

      JU does not have domestic traffic and OU has it.

      Until October 2017 JU was flying to Abu Dhabi and for that rotation JU needed almost 12 hours. During these 12 hours OU could have made many ZAG-DBV-ZAG or ZAG-SPU-ZAG rotations transporting with 1 plane many more passengers than JU could have on one plane flying BEG-AUH-BEG.

      And JU was flying daily to AUH.

      This kind of comparison is surely not the indicator of successful (or not) business

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    11. What some are forgetting to add is that unlike OU in ZAG, JU in BEG is not the only airline to have a base there. Wizz Air carries around 500.000 passengers per year and most of those would have flown on JU.

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    12. It's comical how every time someone mentions OU there is a horde attacking JU. Quite sad.

      Reality is that OU is a sick company. All delays, cancellations and people leaving the company are symptomatic of a bad state.

      No matter how bad other ex-YU airlines are doing none is experiencing such exodus as OU.

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    13. ... exodus... at OU people leave voluntarily whereas at other they get kicked out....

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    14. Air Serbia fanboys are nothing compared to the OU fanboys. Maintaining that the company is doing amazing when half of all pilots have left and over 180 flights have been cancelled is seriously crazy.

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    15. JU has not cancelled a single flight because of staff shortages. Stop spreading lies. Those flights that have been cancelled were due to poor loads.

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    16. Really and how many aircraft did JU have to lease from abroad to cover those cancellations like JU did? None.

      All cancellations made by JU were due to bad loads, not fleet or personnel shortages.

      One thing is what you wish and another thing is reality.

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    17. Any link to that? A link that says that 180 flights were cancelled because of staff shortage? No? Like I said, you are just another hater.

      While you are at it, look at Purger's list of route cancellations by OU because they can't afford to service their planes.

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    18. I am referring to OU!

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    19. You should have been more clear! It's confusing!

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  2. Still six more heathrow slots to sell... then they're in real trouble

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    1. Actually there are only 4 slots left, not 6.

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    2. And what is left to sale in JU after the entire airline had been sold to Arabs. So interesting people here making selling few slots sounds like a crime yet selling entire company is ok

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    3. If nothing, it has 9 slots at Heathrow.

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    4. 49% is hardly entire company. Plus wasn't Pliva sold to the Asians as well? ;)

      Maybe Agrokor could buy OU. Oh, wait ...

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    5. Average salary in Pliva, sold to Israeles, who are hardly Asians is 1100 euro. How much the workers in diapers make in cable-rolling factories in neighbouring country? 200,300 euro? And I had no intention deviating from the aviation, but you started it bro

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    6. Israelis are still Asians while we are at it.

      The diapers are irrelevant to this discussion as we are talking about Arab investment in JU.

      By the way, your Pliva employees are earning less than JU flight attendants, so much for that. lol

      And btw how much are people making in Agrokor these days?

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    7. @AnonymousMay 29, 2018 at 11:47 AM

      It is somewhat higher, 10500 kuna to 11500 kuna, Pliva has lost loads of its staff, however productivity and automation have gone up dramatically. Pliva today employs only ~2500 staff, it used to employ 15000.

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  3. Etihad may be?

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  4. Why do they need a strategic partner?? Maybe they should try decent management first.

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    1. Impossible because politics will always get in the way. Just look at the CEO selection.

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    2. because it would be much easier to restructure and get the costs right;

      it will be the anonymous, evil and greedy foreigners that do the layoffs and renegotiate contracts.... they can easier threaten them than locals that want to get reelected ...

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  5. It seems that only political deals in Balkans could bring potential investors in Ex-Yu airlines.

    According to the rumours before 2013 Aeroflot was interested in Jat Airways, even Air Baltic purchased documentation for Jat Airways take over, but the result was zero. Then the political deal with EY was made and JU got strategic partner in 2013.

    From the other side we see once per quarter the information that OU wants to find strategic partner and it keeps repeating without any final result. In OU case we also had many rumours saying that Lufthansa, Turkish, Garuda, Aegean and who not are interested in OU, but the result was, like with Jat Airways, zero.

    Either political deal or someone like 4K (who will insist to be paid to take over OU) will be (or not) the future of OU

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  6. Amazing. Every single comment about OU is followed by "Air Serbia is worse". Is any criticism of a Croatian business banned in Croatia? Just crazy.

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    1. You really have a selective memory. Should we count all the JU fanboys on here?

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    2. At least they saw the light in the end. You still haven't.

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  7. Again and again bla bla bla ....

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  8. The only viable solution for OU is to knock at the LH's door, and dock to EW platform. Croatia belongs to Lufthansa group interest zone and looking for any partner solution rather then LH could be a hazardous thing for OU's existance.

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  9. What about LOT as a strategic partner? They have Nordica in the Baltics, so they could have Croatia in the West Balkans. LOT is a Star Alliance member and a fellow partner of OU. They grow massively now, so OU could get under their arms and grow together still keeping OU relationship with LHGroup.

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  10. "Ja, tajkun" je idealni kupac, tj strategic partner. On pati što nema avio kompaniju i želja mu je da dovede menadžere iz Lufthanse. Savršen spoj, Mišković i Croatia Airlines.

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    1. How yes no, kao da Hrvatska nema dovoljno Todorica i ostalih "svojih" tajkuna nego mora da uvozi know-how preko Miskovica, mos'mislit

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    2. Niko od CRO tajkuna se ne bori da kupi Croatiju a Miskovic i njegovi prijatelji Misa Brkic i Predrag Vujovic misle da znaju kako se vodi avio kompanija.

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  11. Korean could be grat partner :)

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