Adria Airways receives government bailout

Posted 30/09/2011

Shareholders of Slovenia-based Adria Airways (JP) approved a cash injection of €50 million ($68.4 million) and a debt-to-equity conversion of €19.7 million against the financially troubled airline’s total debt of nearly €70 million.

Originally published 30 Sep 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/UUM5VW9w4W4/adria-airways-receives-government-bailout-0929-0

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