Adria to change line maintenance provider

GLOBAL AVIATION NEWS

Italy to sell ITA in June

Italy's government aims to sell state-owned ITA Airways, the successor to Alitalia, by the end of June after setting a deadline for binding offers of May 23, Economy Minister Daniele Franco said. Three prospective bidders for ITA Airways have had access to its finance data room, Franco said addressing parliament over the issue. They are shipping group MSC alongside Germany's Lufthansa, the U.S. Certares fund in cooperation with Delta and Air France, and investor Indigo Partners, Franco added. Under a government decree, Rome plans to privatise ITA through a direct sale while retaining a minority, non-controlling stake in a first stage. MSC in January requested an exclusivity period of 90 days to iron out details of an acquisition, but Rome opted for a market-based procedure aimed at keeping the door open to other potential suitors. "The outcome of the negotiations is not a foregone conclusion. We will examine the three offers in a transparent way, there is no decision on our part at present", Franco said adding a key factor is that the buyer is at least 51% owned by a European player. Lufthansa is interested in taking a minority stake in ITA, leaving the majority to MSC, the airline said in remarks during its shareholders meeting. It added, however, that the review of ITA's financial data would be important to confirm this preliminary intention. If the deal does go through, Lufthansa aims to build a close commercial cooperation with ITA and expects synergies to make the investment profitable in the long term, the carrier said. Under an agreement with the European Union, Rome can inject up to 1.35 billion euros into the ITA by 2023. A privatisation deal would potentially reduce the financial support granted by the state, limiting the costs for Italian taxpayers.

Adria to change line maintenance provider

NEWS FLASH

Adria Airways will end its line maintenance agreement with Adria Airways Tehnika as of August 31 and will contract another provider from September. The Slovenian carrier has said it cannot reveal any details at this point, as it is a business secret, however, Slovenian media speculate that Adria's maintenance will be carried out by a Scandinavian company. The Ljubljana-based Adria Airways Tehnika, once an integral part of Adria Airways, is now independently owned and operated by Poland's Linetech Holding. It is a Bombardier Authorised Service Facility and provides maintenance services to several European carriers. It is believed the two companies could not reach an agreement over pricing.

Comments

Anonymous10:48
Hehe, you should check the title of the same news on Slovenia's news portal 24ur. #sensationalism
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Anonymous11:01
they owe them to much money...
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Anonymous12:41
Since Adria is in so much debt and close to bankruptcy I doubt anyone would service their aircraft in exchange for IOUs, just cash upfront. Which Adria does not have
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Anonymous17:38
Who will do maintenance from September? Some cemetery company?
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Anonymus17:15
From SJJ to LJU via BEG then... :(
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