NEWS FLASH
Fraport Slovenija, the operator of Ljubljana Jože Pučnik Airport, has seen a dramatic drop in revenue as a result of its closure for commercial traffic since March 17, due to the coronavirus Covid-19 outbreak. Since then, only cargo and repatriation flights have been taking place. "The costs involved in keeping the airport open are huge", it said. The company has now put forward a proposal for measures that could help it maintain liquidity and complete the ongoing construction of its new passenger terminal, which is scheduled for opening in late June of next year. The details are now being reviewed by the Slovenian government. The airport’s General Manager, Zmago Skobir, told the “Finance” portal in an interview last month that if near-zero revenue continues in the coming period, the completion of the new terminal would have to be delayed. "If we want to finish the investment in such circumstances, we will need the help of the state”, Mr Skobir said. The investment is estimated to be worth 21 million euros. Even prior to the coronavirus, Ljubljana Airport was experiencing a significant drop in revenue as a result of Adria Airways’ bankruptcy.
The perfect storm.
ReplyDeleteMr.Skobir said that they will
ReplyDeleteMr.Skobir told that they will manage to find replacement for JP and there is no need to panic. The market will adopt. Now he can call germans to help them. No money from government,call Angela!!!
ReplyDeleteWell, to be honest, nobody could predict last year that COVID-19 will happen.
DeleteEven more honestly,owners of Fraport has their owners. Their profit is only their, but minus is... I wouldnt help them,turbo capitalists!!! The same thing that happened with JP!!! I hope Government will use the same receptions!
Deletegood. no government help, let fraportSI go into bankruptcy, buy assets afterwards from the bankruptcy proceedings for peanuts on the dollar. buy one get one free if the owners don't want to chip in.
ReplyDeleteYeah, the airport was fully privatized - given to Fraport. If they are short on cash and their lenders don't want to bail them out, they can declare bankruptcy and someone else will buy the airport. Heck, it might even be the state.
ReplyDelete