Five bids for bankrupt Adria Airways
Five bids have been made for the assets of Slovenia’s bankrupt national carrier Adria Airways. Of those, four are related to the purchase of all or part of the airline, while one is for the acquisition of the Adria Airways Flight School. One of the bidders is said to be from abroad, while the other four are Slovenian. The company’s receiver, Janez Pustatičnik, has begun talks with the investors, following which future steps in the process will be determined. Some of Adria’s assets include the brand, land property rights and the head office building, aircraft parts, select permits, a flight school and two apartments.
The five bidders have not been officially identified, however, local media have named several of them. It is believed Joc Pečečnik, the founder of Interblock Gaming, which manufactures products for lottery games, has submitted a bid for the entire estate of the bankrupt airline in cooperation with a partner from abroad. According to reports, Mr Pečenik's plan is to establish a new Adria with the help of the carrier's former CEO Mark Anžur. Mr Anžur ran the company from late 2012 until its privatisation in March 2016. He later went on to serve as the CEO of the Irish regional carrier Stobart Air for an eight-month period.
Produce importer and real estate developer Izet Rastoder has also been identified as one of the bidders. He is believed to be interested in Adria’s Air Operator’s Certificate (AOC). The Slovenian ultralight electric aircraft maker Pipistrel has confirmed it submitted a bid for the Adria Airways Flight School. Pipistrel is bidding for the school as a whole, including all its assets, brand and licence. Meanwhile, the Slovenian state-owned Bank Assets Management Company (BAMC) has submitted a draft business plan for the country’s potential new national airline to the Ministry for Economic Development and Technology. The Ministry will now review the data after which it will deicide whether to establish a new flag carrier. A decision is expected by the end of the month.
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