Adria Airways receives additional €4m in funding

posted on 10th December 2018 by Justin Burns

Slovenian carrier Adria Airways has received an additional payment of 4 million in funding from German owner 4K Invest to be used for further business development and growth of the airline.

The recapitalization it said is prior to a further capital injection of at least 10 million in the first quarter of 2019 from 4K Invest, which bought the carrier in 2016.

Adria Airways serves 18 scheduled destinations from its main hubs in Ljubljana (Slovenia), Pristina (Kosovo) and Tirana (Albania).

It flies a fleet of three Airbus A319s, seven Bombardier CRJ900s, three Bombardier CRJ700ERs and six Saab 2000s but it also announced in November a letter of intent to lease 15 Sukhoi SSJ100s.