Adria Airways’ new financial restructuring plan should see the airline cut its losses by half this year and make a profit in 2012. The Slovenian national carrier is also on the lookout for a financial advisor. Late last year the airline made public it was operating with a loss and owes more than 80 million Euros in loans to various banks. The airline will pitch its financial plan to the banks in the hope of delaying repayments. In January, Ljubljana Jože Pučnik Airport wrote off 2.4 million Euros the airline owed to its hub, in return receiving a stake in Adria Tehnika. Meanwhile, Adria will introduce 2 Airbus A320s, half a year after it farewelled the type from its fleet, which had been with the airline since 1989. One is being leased from the Italian low cost airline MyAir and is set to join the fleet tomorrow. The aircraft are expected to serve on charter flights throughout the summer season, while there is a possibility for one of the jets to stay with Adria long term, the “Delo” newspaper reports.
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