Irish company bids for Adria

NEWS FLASH


Irish company Avgen Global has placed a bid for Adria Airways, EX-YU Aviation News learns. The consultancy group is one of several vying to buy the defunct airline’s assets. Adria Airways' receiver, Janez Pustatičnik, will today open bids for the purchase of the entire former flag carrier or its parts. Bidders will be informed of the outcome within fifteen days. Some of Adria’s assets include the brand, land property rights and the head office building, aircraft parts, select permits and two apartments. The airline had no aircraft in its ownership and leased its entire fleet. It is believed the government or the potential strategic partner the state has been in talks with could bid for the bankrupt airline in an attempt to resurrect the national carrier. It has emerged that Adria in bankruptcy is attempting to keep its slots at Amsterdam Airport.

Comments

  1. Superb news!!! Slovenia should have a National Carrier indeed!

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    1. Yes, indeed..

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    2. but not Bombariders with 70/80 seats! embarier 100 x3 and 2 A321 to be competive with price/costs..... and charter market!

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    3. What are you doing with 2 A321 in winter months?

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    4. Charters! Because everywhere in the world, the most profitable, successful and long-standing airlines are charter ones.

      Everybody knows the most profit is in charters.

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  2. An 8 month old company with director running another 14 companies?

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    1. A.. so Holger Kowarsch & co moved to Ireland.. nice play.. :)

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    2. This is dodgy even by Irish OFC posterboy criteria :-D

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  3. JOS JEDNA U NIZU PREVARA! Kakva je to kompanija Avgen Global? Koliko aviona imaju? Gde oni to lete? Koliko dugo postoje? Zna li neko odgovore na ova pitanja?
    Kladim se da u Sloveniji na prste jedne ruke moze da se nabroje oni koji su za tu kompaniju uopste culi!

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    1. Avgen Global Consultants Limited was set up on Wednesday the 20th of February 2019.
      https://www.vision-net.ie/Company-Info/Avgen-Global-Consultants-Limited-644132
      Not inspiring at all (Company address and location also). Experts? Little positive information available.
      Hoping no Slovenian taxpayers money will be paid to them to work as a "cover" with Slovneian taxpayers Money. Adria 2.o reloaded sigh!

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    2. Some people here really have no clue.

      This has nothing to do with Adria 2.0, but rather with selling Adria's assets, so debts (e.g. outstanding salaries to employees) can be paid off.

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    3. Not true- AOC is available

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    4. And no other company in Europe (other than Adria 2.0) would be interested in buying a ready-to-go EASA AOC?

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  4. After all profitable routes are already taken by Lufthansa Group new national airline would be disaster. Even Tajnikar (who stand behind Adria in everything) said that.

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  5. James O'Shea is very well known and super experienced expert. For sure he knows much more about Aviation than all commenters here together..
    https://www.linkedin.com/in/james-o-shea-986b316b/

    Real chance for Adria..

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    Replies
    1. Will they fly to Africa?

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    2. Na dan svetog Nikole kad se budu majmuni šišat!

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  6. Do not mix this with intention of the government to establish Air Slovenia. This has nothing to do with it.
    A bit more quite interesting news form this afternoon:
    1. Slovenian businessman Joc Pečečnik, together with a partner from abroad and former Adria CEO Mark Anžur, would set up a new Adria. They are interested in buying Adria as a whole: AOC, membership in the IATA and slots. They also want to keep the name Adria Airways. "We are in talks with a foreign partner that is familiar with this business," Pečečnik confirmed the information to Finance newspaper.
    2. Slovenian company Pipistrel has submitted an offer to purchase Adria Airways Flight School as a whole, including all properties, brand and certification of the school. They want to continue pilot training in Brnik and Maribor, Pipistrel director Ivo Boscarol told the Slovenian Press Agency.

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    1. Funny- how can you know about their intentions?
      2 contenders for the same- they can make action now

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    2. Yes, it is crystal clear that this information has noting to do with whatsoever intention of the government is. And Air Slovenia or something else is still an option, it's even clearer than before as it was also reported yesterday on national television in such details that they got also an information about first planned routs.
      And as you can read above, it's not for the same, one unit is Adria Airways and the other one is Adria Airways Flight School, two units also with two separate processes and two different liquidators.

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  7. When I read blogs and peoples' comments I feel touched by their emotions about the national carrier and that tells me how much they love their national carrier. We must all have deep intentions for the best for our country and we must all mitigate and raise alarm at what others have done before that is wrong, and what others plan to do now that is right or wrong! The most important assets of this airline are the workers whose interest must be paramount. Any future buyer must seek to protect everyone of them. The new owners must show leadership in the market and make the airline successful. Anyone or groups who breaks the airline up have no interest in the success of the national carrier, its workers or the nation. We must all love our nation enough to build a great market leader. Adria Airways will rise up again like the golden phoenix!...

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  8. Having carried out due diligence on Avgen Global Consultants Limited, I found out interesting info about the company. It is a Special Purpose Vehicle (SPV) of a major airline financing company in the UK and Ireland that is coming to the market to finance new airline start-ups and existing airline companies in the Balkans and eastern European region region especially. We hope that they create more job opportunities and bring more tourists to improve the tourism market. The youth can begin their own airline start-ups too.

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  9. It's quite interesting to read, knowing that 600 employees have not been paid a considerable amount of their employee benefits including months salaries! I am surprised that the government does not do everything within their ability to prosecute management and that they let them get away with these practices. Where is K4 invest, where is Holger Kowarsch, these are the ones that should be asked upon their responsibilities! Nothing is done, unfortunately............

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  10. What about results of bidding process?- they were promising to announce on 25 November

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