LJUBLJANA (Slovenia), November 23 (SeeNews) – Slovenia's Adria Airways said its owner 4K Invest will recapitalize the company with an additional 4.0 million euro ($4.6 million) in order to support its further business development.
The capital increase is an addition to the already announced recapitalization of at least 10 million euro planned for the first quarter of next year, Adria Airways said in a statement earlier this week.
The decision was adopted taking into the account the firm commitments and the strong belief of the owner in the successful future of Adria Airways which is operating scheduled and ACMI services in Central and South East Europe, the company noted.
“We work hard to position Adria Airways for stable business and further growth. We already achieved substantial development and we will continue to expand the potentials of this company,” Holger Kowarsch, managing director of Adria Airways, commented in the statement.
The number of passengers carried by Adria Airways increased 8.6% on the year in the first half of 2018, reaching 577,233, the airline said in September. The company also increased the number of its flights by 2.4% year-on-year to almost 10,000 in the first six months.
($ = 0.87690 euro)