Investors outline plans for Russian-backed Adria
Investors from Russia and the United Arab Emirates, who are linked to aircraft manufacturer Sukhoi, have formulated plans to relaunch Adria Airways if they are successful in acquiring the remains of the company’s business at an auction this Thursday. "Adria Airways’ certificates allow us to operate not only out of Ljubljana but from any airport in Europe. The Slovenian market is very interesting. There is no real competition. Currently, it is only possible to fly to just ten destinations and the fares are very expensive”, Oleg Evdokimov, a representative of the Russian investors told Slovenia’s public broadcaster RTV SLO. The carrier would operate an all-Sukhoi Superjet 100 fleet.
Under the plan, Adria's brand name would be retained, while the company would employ some 150 people, including thirty pilots. The carrier would attempt to fly to at least five destinations throughout the year, including Milan and Barcelona. “We plan to start in the summer with the primary task of providing flights for Slovenians and Austrians (from Villach and Klagenfurt) to primary vacation destinations. We plan to serve these routes with SSJ aircraft. The second goal is to compete with "weak" competitors such as Lufthansa and Swiss on three important destinations from Ljubljana: Zurich, Munich and Frankfurt”, Mr Evdokimov said. In 2018, Adria ordered fifteen Superjet 100 aircraft, while the Russian manufacturer was to become a part-owner in the Slovenian company. However, the deal fell through several months following the order with each side accusing the other for its failure.
Adria Airways’ receiver, Janez Pustatičnik, has said that anyone who pays the participation fee can take part in the auction at which the starting price for Adria’s whole business has been set at 45.000 euros. Mr Pustatičnik has said that at least two foreign companies will participate at the auction but he did not wish to reveal any names. “Let us be surprised”, Mr Pustatičnik said. On the other hand, Mr Evdokimov noted, “The auction price can go up a lot because the asking price is incredibly low. The average price for such certificates in Europe is 300.000 euros”. Slovenian businessman Joc Pečečnik, who is the founder of Interblock Gaming, has confirmed he will attend the auction.
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