September 25, 2019 / 12:50 PM / a month ago

Slovenian aviation agency gives Adria a week to present financial plan

LJUBLJANA, Sept 25 (Reuters) - Slovenia’s Civil Aviation Agency (CAA) has given Adria Airways until Oct. 2 to present a financial plan in order to keep its licence to operate, CAA head Rok Marolt said on Wednesday.

He said Adria needed a capital hike of several tens of millions of euros, and said the airline’s licence will be taken away without further deliberation if the company fails to present a financial plan by the specified date.

Adria cancelled most of its scheduled flights on Tuesday and Wednesday due to serious financial problems. (Reporting By Marja Novak; Editing by Jan Harvey)

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