Ljubljana airport should be able to replace most flights lost in the collapse of Slovenia’s Adria Airways within a year and a half, its manager and owner Fraport said on Tuesday, Reuters reported. Fraport is in talks with airlines to replace Adria flights, which accounted for 11 of 29 regular routes serving Ljubljana, Zmago Skobir, business director of Fraport Slovenia, told a news conference. “There is demand for these destinations and we have received the first signals that they will be replaced,” Skobir said.
Slovenian airline Adria Airways has filed for bankruptcy and canceled all flights, it said in a statement on Monday, after financial problems forced it to ground most of its planes over the last week, Reuters reported. “Bankruptcy proceedings were initiated by the management of the company because of the company’s insolvency,” Adria, which is owned by German investment firm 4K Invest, said. Adria is the latest in a long line of small European airlines to run into financial trouble amid industry overcapacity, cut-throat competition and high fuel prices.
Slovenia’s Adria Airways has cancelled almost all of its flights for Tuesday and Wednesday, potentially affecting around 3,700 passengers, because it has been unable to access cash to continue flying, it said on Tuesday, Reuters reported. “The company is at this point intensively searching for solutions in cooperation with a potential investor. The goal of everyone involved is to make Adria Airways fly again,” it said in a statement.
The European Commission is suing Slovenia for seizing European Central Bank documents in a raid at its own central bank three years ago as investigators looked into its role in bank bailouts, Bloomberg News reported. The Commission said Thursday in a statement that it’s “decided to refer Slovenia to the Court of Justice of the EU for the violation of the inviolability of the archives of the ECB.” Attempts in 2016, 2017 and 2018 to clarify the facts and circumstances were unsuccessful, it said.