Adria Airways will be recapitalized by its shareholder 4K Invest fund with a cash contribution of more than 10 million euros.
Fresh capital will make a significant contribution to the continued successful development of the Slovenian airline. Since Adria Airways was acquired by the German 4K Invest fund in 2016, it almost doubled the number of aircraft in its fleet, hired and trained nearly 200 new employees, expanded its network of flights and so becoming one of the strongest regional air carrier operating ACMI services.
"Our plans with the Slovenian airline are long-term and we want the company to grow and develop in the future. We see huge potential in the company, with our priority being to stabilize our operations and restore the trust of our passengers. There is a lot of hard work ahead of us, but we are confident that we will succeed." said Holger Kowarsch, Managing Director of Adria Airways.