Adria to bid farewell to Paris, London, Istanbul and WarsawAdria Airways’ Board of Directors has approved a restructuring plan for the debt stricken Slovenian national airline which will see the suspension of four destinations, a fleet reduction and a slash in jobs. Speaking to the national broadcaster RTV SLO, Adria Airways' Executive Director Robert Vuga said that the airline is likely to suspend flights to Paris, London, Istanbul and Warsaw. Vuga says that these routes are not profitable. The airline will decrease its fleet, although it hasn’t disclosed any further details to the public yet. Adria’s employees will also be reduced with the airline preparing redundancy packages and social programs. Adria currently employs only 450 people.
As of this moment, Adria Airways operates 14 weekly flights to Istanbul, 5 weekly to London Gatwick, 10 weekly to Paris and 3 weekly flights to Warsaw, which are code-shared by LOT Polish Airlines. Lufthasa is likely to take the airline's slots at these airports. Adria Airways is expecting to receive 50 million Euros in state aid and will borrow a further 40 million Euros from the banks. Both of these are under the condition that the airline carries out the restructuring plan it just approved.