{"id":1135,"date":"2020-04-10T12:02:23","date_gmt":"2020-04-10T12:02:23","guid":{"rendered":"http:\/\/demo6.aiwalls.com\/ipapps\/?p=1135"},"modified":"2020-04-10T12:02:23","modified_gmt":"2020-04-10T12:02:23","slug":"slovenia-flag-carrier-adria-airways-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.txd9.com\/?p=1135","title":{"rendered":"Slovenia flag carrier Adria Airways files for bankruptcy"},"content":{"rendered":"<p>            <img decoding=\"async\" src=\"http:\/\/pic1.tadke.com\/imgs\/tech2lims\/0409\/thdueglyz4o.jpg\" alt=\"The Slovenian government said Adria Airways' financial situation was worse than expected\"><figcaption class=\"text-darken text-low-up text-truncate-js mt-3\">\n                The Slovenian government said Adria Airways&#8217; financial situation was worse than expected<br \/>\n            <\/figcaption><p>Slovenia&#8217;s flag carrier Adria Airways announced Monday that it had filed for bankruptcy.<\/p>\n<p>        <!-- \/4988204\/TechX_Story_InText_Box --><\/p>\n<p>&#8220;Adria Airways on Monday filed at the court in Kranj a request to start a bankruptcy procedure,&#8221; it said in a statement, explaining that the move was due to &#8220;the lack of liquidity&#8221; and that the court had three days to consider the application.<\/p>\n<p>Slovenia&#8217;s Civil Aviation Agency said that it had revoked Adria&#8217;s licence and that all of the company&#8217;s airplanes were grounded. <\/p>\n<p>Last week, the agency had given Adria a week to present a financial restructuring plan or face losing its licence.<\/p>\n<p>Since Adria started cancelling flights last week because of its liquidity problems, more than 10,000 passengers have been affected.<\/p>\n<p>Earlier on Monday, the Slovenian government ruled out a rescue bid for the airline, saying Adria&#8217;s financial situation was worse than anticipated and bankruptcy was the sole option. <\/p>\n<p>However, the government has not ruled out setting up a new state-owned airline to secure some of the routes that Adria served.<\/p>\n<p>Slovenia sold the financially stricken carrier to German investment fund 4K in 2016 after ploughing more than 50 million euros ($55 million) into it.<\/p>\n<p>But under its new owner, the airline\u2014which employs about 500 people and operates regional flights between the Western Balkans and other parts of Europe\u2014continued to lose money.<\/p>\n<p>The carrier is the latest to fall victim to difficult business conditions for airlines.<\/p>\n<p>Other recent high-profile casualties have been the two French carriers, XL Airways and Aigle Azur, which have both halted operations, as well as the Norwegian Air Shuttle carrier which rescheduled a repayment of $380 million with bondholders.<\/p>\n<p>German charter airline Condor, a subsidiary of bankrupt British tour operator Thomas Cook, was last week granted a 380-million-euro ($420-million) state bridging loan to continue operations.<\/p>\n<hr>\n","protected":false},"excerpt":{"rendered":"<p>The Slovenian government said Adria Airways&#8217; financial situation was worse than expected Slovenia&#8217;s flag carrier Adria Airways announced Monday that it had filed for bankruptcy.<\/p>\n","protected":false},"author":1,"featured_media":1136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[840,841,842,844,843],"class_list":["post-1135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-adria","tag-airways","tag-carrier","tag-flag","tag-slovenia"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1135"}],"version-history":[{"count":0,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/media\/1136"}],"wp:attachment":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}