Former Adria CEOs under investigation

GLOBAL AVIATION NEWS

Europe July traffic above expectations

Air traffic in European airspace exceeded air safety organisation Eurocontrol's "optimistic" predictions in July, as demand takes off this summer. Eurocontrol data show that flights reached 65% of 2019 levels last month, compared with May flight traffic trailing pre-Covid levels by 61%. The July numbers are slightly up on Eurocontrol's predictions made in early summer, when it proposed three scenarios. The most optimistic option planned for widespread vaccination take-up, easing travel restrictions and resumption of long haul flights. Eurocontrol predicted that flight numbers would reach 64% of pre-pandemic July levels should these conditions be met. Its baseline forecast was 52%, and its worst-case scenario saw July flight traffic reach just 46% of July 2019 levels. In order to exceed the organisation's optimistic scenario for August, flights would need to be at 69pc of 2019 levels. This looks likely to be met, if not surpassed, as flight traffic reached 68.3pc of pre-Covid levels in the last week of July, at 23.899 per day. Low cost carrier Ryanair was the busiest of the main European air carriers, with an average of 2.175 flights per day in July. The International Air Transport Association (IATA) last week bemoaned the slow start to air travel recovery in June, and its Director General Willie Walsh expressed concerns that the chance of a significant revival in international air traffic this summer is growing "fainter" by the day.
Source: Argus News

Former Adria CEOs under investigation

NEWS FLASH

The last two CEOs of Slovenia’s former flag carrier Adria Airways are under investigation on suspicion of committing two criminal offences, as well fraud by abuse of position, the Slovenian public broadcaster RTV SLO reports. Arno Schuster was the first to head the Slovenian carrier following its takeover by the German turnaround fund 4K Invest in 2016. He resigned from his post in 2018 for personal reasons and was replaced by Holger Kowarsch until the company’s bankruptcy last year. Last week, the National Bureau of Investigation conducted house searches in the Kranj and Ljubljana areas in connection to Adria Airways’ collapse, noting that a pre-trial investigation is currently being conducted against the two foreign nationals.

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Anonymous19:43
It was about time.
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Anonymous08:28
Why don't they also go after the management that was there during government ownership? They are the ones that ran up most of the debt.
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Anonymous10:20
last anon: c'mon man, they can't investigate their friends. how unfriendly that would be, right?
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