Adria Airways has said it needs a strategic partner in order to maintain scheduled services but emphasised that its owner, 4K Invest, will stay on. Speaking at a press conference in Ljubljana today, the airline's CEO, Holger Kowarsch said, "Adria has had some challenges over the past weeks and months. Over the last six months Adria cancelled 2.6% of all flights, which is too much and I apologise for that, but it is not as bad as it seems at times. I don't want to suggest that there will be no more cancellations in the future. We will do anything in our control to minimise it but there are some things we cannot influence". He added that the carrier is in talks with a potential new strategic partner. "Adria needs a strategic partner. We had several talks over the past years. I can tell you that at the moment we are in discussions with various partners. I cannot disclose with whom at the moment, but I can promise you that I will give more information as soon as I am able to. That does not mean that 4K will leave Adria. 4K believes in Adria and we believe we have a strong future. We will be part of the Adria story together with a strategic partner by our side. But we cannot survive on scheduled flights on our own".
Over the past weeks the airline has struggled to maintain its schedule with flights still being cancelled or merged with others, while discontent over unpaid compensation claims among passengers continues. International media have also picked up on the ongoing issues at the airline, warning of an "imminent collapse". Adria has noted its operations would stabilise from July. However, the airline has confirmed that the numerous issues have produced a loss during the first quarter of the year, although it did not specify the amount. During the press conference, Adria's Customer Relations Supervisor outlined a range of reasons for the operational problems at the carrier, including adverse weather, air traffic congestion in Europe and a lack of staff. "All of the more than 500 employees at Adria will do our best to make the customers as satisfied as possible. We will do our best and I think we will improve in the future".
Over the past weeks the airline has struggled to maintain its schedule with flights still being cancelled or merged with others, while discontent over unpaid compensation claims among passengers continues. International media have also picked up on the ongoing issues at the airline, warning of an "imminent collapse". Adria has noted its operations would stabilise from July. However, the airline has confirmed that the numerous issues have produced a loss during the first quarter of the year, although it did not specify the amount. During the press conference, Adria's Customer Relations Supervisor outlined a range of reasons for the operational problems at the carrier, including adverse weather, air traffic congestion in Europe and a lack of staff. "All of the more than 500 employees at Adria will do our best to make the customers as satisfied as possible. We will do our best and I think we will improve in the future".
Adria's CEO noted that the ACMI business remains an important pillar of the company's strategy, due to the Slovenian market's limited size and potential. "Adria is a regional carrier. We are connecting the Balkans to the West and West to the Balkans. Slovenia is not the biggest country so opportunities for Adria Airways to grow out of Ljubljana are a little bit limited. This country is too small to grow, and Adria needs to grow. To give you an example, last year we handled 1.2 million passengers, and only 400.000 of those were in and out of Ljubljana, the rest were transfers", Mr Kowarsch noted. The CEO added that the airline will employ a new media strategy and be more engaged with the press. The company previously blamed much of its issue on media reporting. "We will change our behaviour. I promise we will be more open. Already, for next week we plan to reveal some more information", the CEO concluded.
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Ljubljana-Paris
Ljubljana-Skopje
Ljubljana-Prague
Merged
Ljubljana-Sarajevo-Skopje
And lots of delays.
Every second they manage to keep JP in business results in more money on the Cayman account.
And the sad thing is - if someone steals a loaf of bread, they will be at least arrested. These guys have destroyed companies and workers in Finland, Estonia, Switzerland and now in Slovenia. And they will not even be indicted.
Capitalism is completely different from our previous system. Not.
"The state-owned flag carrier of Estonia, Nordica, will cease its independent operations as an airline. Several services will be terminated and tickets will only be sold by LOT Polish Airlines, which holds a 49% stake in the airline. The airline’s wet-lease and government services will continue as before. Starting in July, LOT will operate the airline’s flights from Stockholm, Warsaw, and Brussels, and will discontinue five of its unprofitable routes by October. As LOT will manage ticket sales and other operational aspects, the Estonian regional carrier will only be responsible for operating the flights."
They have actually now hired a professional PR firm which is supposed to spin all of this mess. Meanwhile, their social media accounts and online helplines have been dead since the start of June.
The End
I know they are in trouble but my gut feeling for them to go bust is after the summer- if i'm wrong, then its my bad- and the ticket price of eur 230 (luggage included and for such a short notice booking) vs 500 with OS and 300 with JU and OU is worth the risk to me.
That's all folks
The End
The reason why they are still in business is simply the fact, that all of the parties that are involved with Adria (its workers, contractors and management) want to see the company survive and thus do not want to call in bankruptcy: workers because of their jobs, contractors because JP owes them a lot of money and they are falling for the BS 4K is selling them and management, because they can keep funneling the money to their bank accounts via fictitious contracts.
The reason they are currently in serious trouble and will go bankrupt in the matter of days, is the fact that the contractors started demanding payment or else they will cut services (and effectively endnig JPs existence) and they have also started court procedures against JP.
Today the management will present another BS story about mistery buyer etc. and thus try to extend the life line for a couple of days.
Remember Fikret Abdic for example?
They made the first social media post after many weeks yesterday. Some Star Alliance video. Ironically this was the only comment
"The worst airline ever, doesn't deliver on a single promise."
LOL, no thanks!
Sta kazu?
LOL big time damage control.
Revealed new maintenance provider... No.
Blamed delays on ATC and weather.... Yes.
Same old, same old. Damage control and telenovela continues.
Nordica (100% u vlasništvu Estonije) od 1.7.2019. prekida sa svim letovima, a neke od linija će preuzeti LOT. Nordica je nastala 2017. godine, nakon bankrota Estoniana, a prve godine linije je oparirala Adria pod svojim AOC, nakon čega je operacije za Nordicu preuzeo LOT pod svojim AOC-em.
Nordica nije u stanju poslovati profitabilno radi ogromne konkurencije koju ima u Tallinnu. Iz Tallinna leti 25 kompanija među kojima i one najveće, a najviše linija ima Air Baltic (12, dok 13. pokreće u prosincu), Ryanair (9), i SmartLynx (35 linija, 6 pokreće do kraja godine). Niz kompanija zbog stanja u Nordici povećava broj linija, među kojima i easyJet, Wizz Air, Finnair, Lufthansa, Onur Air, SmartLynx i Air Baltic. Air Baltic u Tallinu ima bazirana tri aviona (dva A220-300 i jedan Q400), te je najveći prijevoznik sa 25,9% udjela na aerodromu.
Istime će 26.10. Nordica zatvoriti linije za Kijev (leti Wizz Air), Copenhagen (leti SAS i Air Baltic), Trondheim, Beč (leti Air Baltic), Vilnius (leti Air Baltic) i Varšavu (leti LOT). 1.7. LOT će od Nordice preuzeti Brussels i Stockholm. Na letovima za Varšavu će ostati samo LOT koji je letio paralelno sa Nordicom.
Regional Jet, kompanija u vlasništvu Nordice (51%) i LOT-a (49%) od ožujka 2017. će nastaviti operirati kao ACMI i charter kompanija. U floti trenutno imaju sedam ATR 72-600, dva CRJ-700 i 10 CRJ-900. Od toga dva CRJ-700 i dva CRJ-900 lete za Nordicu, a pet CRJ-900 za LOT. Ostali avioni se iznajmljuju treći kompanijama, među kojima i SAS-u, flybe, Blue Islands, Air Serbiji i Adriji. Avione će i dalje iznajmljivati LOT-u, poglavito za letove iz Tallinna.
+1000
Second, they announce an announcement. In meantime none buys any tickets because if a company is going to make a big strategic announcement that can include everything ranging from bankruptcy, none is going to buy a ticket even for tomorrows scheduled flights, because its uncertain these flights will happen at all.
Finally, they announce an announcement which is a statement of commitment to improving the service and regularity....but without any promises. I wonder who is still buying their tickets...
At least the SSJ doesn't fall from the sky every 6 months, such as other failed projects.
Adrija must reconsider its decision and add the Russian, modern aircraft.
Cheaper and efficient.
"We will be part of the Adria story together with a strategic partner by our side. But we cannot survive on scheduled flights on our own".
Just give it a rest, mother Russia made (another) failed product that not even Russian airlines want to take it.
Just stop trying to flog that dead horse. It is over for it.
https://www.flightstats.com/v2/monthly-performance-reports/airlines
JP is between LH cityline, Helevtic, Austrian and many other airlines that operate same airports in on time performance in May. It is much better than KLM, TAP, LOT and many other major carrier. It doesnt help to be criticising without talking facts.
Hvala za ovaj update.
In particular they don't match with LOT fleet. LOT is leasing this year many new aircraft, including E195, and starting October, when the problem with MAX is over, will massively increase capacity, including to ex-Yu, without needing to buy this asset.
LOT spokesperson, Konrad Majszyk, said, "...After establishing a partnership with Nordica in Estonia, we are interested in further consolidation of the aviation market in Central and East Europe"
https://www.exyuaviation.com/2018/07/lot-eyes-airline-consolidation-after.html
Now that "partnership" with Nordica is completed, OU is next.
mada ko zna možda i jeste