Slovenia to auction off Adria Airways’ AOC
Adria Airways’ receiver, Janez Pustatičnik, has announced that the bankrupt carrier’s Air Operator Certificate (AOC), as well as other licenses and permits, will be sold off at an auction which will likely take place in mid-January. An AOC allows its holder to perform commercial flights and is issued by the country’s aviation regulator. A Slovenian AOC would give its holder rights to maintain services from Slovenia and other European Union-member states. Although Adria’s AOC will expire at the end of the year, the Slovenian Civil Aviation Agency has expressed its readiness for the certificate’s validity to be extended. The process for obtaining an AOC in Europe differs from country to country.
Mr Pustatičnik previously received five non-binding bids for various parts of Adria’s business, including its permits and licenses. One entity offered 45.000 euros for Adria’s AOC, manuals and other documents. As a result, the starting price for the AOC has been set at 45.000 euros. The Slovenian Civil Aviation Agency noted that Adria’s AOC would be of use only to an entity buying the former flag carrier’s entire estate. The party that acquires the license will also have to take on a number of obligations. Among them is the amendment of any discrepancies that arose following the revocation of Adria’s AOC and the launch of bankruptcy procedures.
It is believed Joc Pečečnik, the founder of Interblock Gaming, which manufactures products for lottery games, submitted a non-binding 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 filed a non-binding bid for Adria’s AOC, however, in a recent interview, he said he might not purchase it after all.
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