The Croatian charter and ACMI leasing specialist suspended operations when its one remaining McDonnell Douglas MD-83 (reg 9A-CDA, serial 49602) was grounded on 23 October 2011. The carrier's other aircraft MD-82 (reg 9A-CDE serial 48066) is thought to have been parked since the end of September 2011. Local press reports indicate that the carrier is filing for bankruptcy. Dubrovnik Airline was founded in December 2004 by minority shareholder Captain Zeno Singer, backed by majority shareholder, the Croatian shipping company, Atlantska Plovidba. The airline fell into financial difficulties from 2009 onwards and early in 2011, Atlantska Plovidba is reported to have transferred its entire interest in the carrier to Singer for a nominal sum, resulting in a major scale back of operations and many job losses.
Thu, Nov 3 2011 11:10 PM
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