Slovenian airline Adria Airways files for bankruptcy – All flights canceled

Slovenian airline Adria Airways has filed for bankruptcy and canceled all flights, it said in a statement on Monday, after financial problems forced it to ground most of its planes over the last week, Reuters reports.

– Bankruptcy proceedings were initiated by the management of the company because of the company’s insolvency – Adria, which is owned by German investment firm 4K Invest, said.

The court has three days to make the decision.

Slovenia’s Economy Minister Zdravko Pocivalsek said earlier on Monday the government was considering establishing a new airline company to improve the country’s international connections.

Officials were talking to Germany’s Lufthansa and Fraport, which owns Ljubljana airport, about transferring half of Adria’s flights, Pocivalsek said, Reuters ads.

Adria Airways Slovenija

Deutsche Lufthansa AG Frankfurt/Main

Adria Airways Slovenia

4K Invest Germany

Lufthansa

Ministry of Economic Development and Technology of Slovenia

Zdravko Počivalšek

filing for bankruptcy

declaring bankruptcy

flights canceled

insolvency