State rejects Maribor Airport aid request
NEWS FLASH
The Slovenian Ministry for Infrastructure has rejected a request by Maribor Edvard Rusjan Airport's operator for state aid amounting to 3.2 million euros. The Chinese operator, SHS, applied for financial assistance in line with state regulation which stipulates government support for matters of national importance. Maribor Airport planned to utilise 1.8 million euros of the aid this year, 1.3 million next year and almost 115.000 euros in 2020. The application was filed due to the airport's negative financial performance in 2016 (35.000 euros) and 2017 (1.7 million euros). The operator believes it will continue to post losses over the next three years. The Ministry rejected the airport's request because the applicant did not meet the conditions necessary in order for it to be granted financial support. It added that the state is still waiting for SHS to pay its concession fee for September and October, which amounts to 100.000 euros per month.
SHS Aviation purchased the "Aerodrom Maribor" operator for seven million euros in December 2016 and won a concession to run the airport for a period of fifteen years. The government has the right to unilaterally terminate the concession agreement with SHS if it fails to make another fee payment, which is likely to occur on November 26.
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