Adria Airways Flight School sold for €7.500
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The Adria Airways Flight School has been sold for 7.500 euros as part of the former flag carrier’s bankruptcy procedure. The purchase was made by Slovenia’s former Chief Justice of the Constitutional Court Peter Jambrek who joined forces with Chinese investor Kai Dai. Their Institute for Constitutional Systems and Human Rights formally acquired the school. Mr Jambrek told the “Finance” daily that his plan was for the flight school to become the biggest in the world. "We are targeting a large pool of countries - in China for instance there is a tremendous shortage of pilots, and the same is true for India and Indonesia", Mr Jambrek said. The school will be run by his son Boštjan. The plan is for the school to start operations next year, once all bureaucratic matters are settled. The flight school’s biggest asset is a still valid but inoperative ATO (Approved Training Organisations) license, enabling the buyer to continue training future pilots. Other assets include two PS-28 Cruiser aircraft and a flight simulator. Adria’s bankruptcy interrupted the training of around thirty future pilots at the academy. The Adria Airways Flight School registered a net loss of 339.000 euros in its last full year of operation in 2018.
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