Qatar wants Adria

Qatar Airways interested in Adria Airways

The privatisation spell continues across the EX-YU region as the Slovenian Government looks to find a strategic partner for its national carrier. After granting the airline 2.5 million Euros recently and a further 7.2 million to its subsidiary, Adria Tehnika, shareholders are looking to get rid of 49% of the airline’s shares. According to the Slovenian “Finance” magazine, Qatar Airways has expressed interest in purchasing the shares. The CEO’s of the two companies, Tadej Tufek and Akbar Al Baker, met in Doha recently to talk about the possible partnership. Talks are said to have been constructive and successful.

In case of a takeover, it is believed that Adria would continue to develop its key market, the European Union, while Qatar Airways would be able to help with long haul flights. Qatar Airways is one of the most successful airlines in the world with a fleet of 84 aircraft and a further 144 on order, including the Airbus A380, A350 and the Boeing Dreamliner.

Adria Airways has reported passenger growth this year but its finances have taken a further battering this year, continuing last year’s trend. The airline’s losses have already exceeded 13 million Euros so far this year.

A decision about a possible takeover will most likely be made at the start of 2011.