LJUBLJANA (Slovenia), September 24 (SeeNews) – Slovenia's flag carrier Adria Airways said it has suspended all flights on September 24 and 25, except connections to and from Germany’s Frankfurt, for lack of funds to run its daily operations.
The company is intensively searching solutions in cooperation with a potential investor, it said in a press release late on Monday.
“During September 24-25, the company will maintain a connection to its most important hub in Frankfurt. The Airline will operate on Tuesday, 24 September, a flight from Frankfurt to Ljubljana and on Wednesday, 25 September, a flight from Ljubljana to Frankfurt,” Adria Airways noted.
Local media reported on Monday that US leasing firm AeroCenture has asked Slovenia's Civil Aviation Agency (CAA) to cancel the registration of a Bombardier CRJ900 plane used by troubled Adria Airways.
According to a report by news portal Siol.net, another plane owned by AeroCenture has been parked at the Ljubljana airport since Saturday and might follow the same fate.
Last week CAA banned Adria from using another two Bombardier type CRJ900 planes after their owner, Dublin-based Trident Aviation Leasing Service, unilaterally terminated its lease agreement with Adria Airways and the latter was deleted from Slovenia's aircraft registry as a user of these planes.
Earlier this month, CAA began a check of Adria Airways' operations and financial performance causing fears that the airline's operational licence may be withdrawn. Its findings will be known by the end of October.
Adria's financial statements in the past three years might have been manipulated to cover up its loss and the growing need of fresh capital, according to earlier media reports.
German-owned fund 4K Invest via its wholly-owned subsidiary AA International Aviation Holding GmbH bought the airline in 2016 from Slovenian sovereign holding company SDH, which is coordinating the privatisation process in the country.