Adria’s Air Operator Certificate to be Auctioned this Month, Starting Price €45,000

By , 03 Jan 2020, 10:38 AM Business
Adria’s Air Operator Certificate to be Auctioned this Month, Starting Price €45,000 Adria Airway's Facebook

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Adria Airways finally collapsed in 2019, with investigations as to the role of its owner, 4K Invest, in the affair still ongoing. Since the closure of the erstwhile national carrier a number of airlines have stepped in to fill the more profitable gaps in the schedule, while the Slovenian government is said to be in talks with regard to subsidising some other routes.

Meanwhile, what remains of Adria is being auctioned off, with the sale of its various licenses and permits expected in the coming weeks. Ex-Yu Aviation reports that the firm’s Air Operator Certificate (AOC) – which allows the holder to run commercial flights – is being offered at a starting price of €45,000. Purchasing the AOC would enable the new owner to restart Adria’s previous services from Slovenia and other EU Member States.

However, before you reach for your wallet note that the AOC would only be useful to a buyer who purchased Adria’s entire estate, as well as agreed to take on a number of obligations that remain after the carrier’s bankruptcy.

Two prominent names from Slovenian business who have been mentioned in connection with purchasing Adria’s assets are Joc Pečečnik, the founder of Interblock Gaming, and the “banana tycoon” (and property developer) Izet Rastoder.

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