Adria Airways successfully concludes negotiations and acquires urgently needed liquidity

Talks going on since last week between Adria Airways management, banks, owners and business partners were successfully concluded today, making available sources of liquidity that are urgently needed for Adria Airways to continue operating. The funds represent the basis for a serious and fundamental restructuring of the company.

Adria Airways d.d. acquired the cash injection by selling ordinary shares in Adria Airways Tehnika d.d. to the company PDP d.d. It is expected that a similar agreement will be reached today with Aerodrom Ljubljana d.d.

The new management is convinced that the successful negotiations to acquire a cash injection and other activities going on during the week will form a basis for continuing the comprehensive restructuring of the company, which in practice means thorough cost reductions, increased sales work and hence increased revenues, and staff restructuring.

For more information please contact: 04 259 4506, 04 259 4600.