News Listings for Aurora Airlines

  • Adria wet leases two 737s to stem losses

    News | 23 May 2006 00:00

    <P><STRONG><SUP><STRONG>Igor Salinger / Belgrade</STRONG></SUP></STRONG></P> <P> <TABLE borderColor=#000000 cellSpacing=0 cellPadding=0 width=445 align=center bgColor=#ffffff border=0> <TBODY> <TR> <TD><STRONG><IMG height=263 alt="B737-5_Adria_Igor Bozinovski_W445" src="../assets/getAsset.aspx?ItemID=12847" width=445 border=1></STRONG></TD></TR> <TR> <TD><STRONG><SUP><STRONG>Slovenia's Adria hopes two 737-500s will help it return to profitability.</STRONG></SUP></STRONG></TD></TR></TBODY></TABLE></P> <P>Slovenian flag carrier Adria Airways has introduced two Boeing 737-500s on wet lease to help reverse losses. The airline has blamed what it calls “poor organisation” and an “unsuitable fleet” for the estimated c7 million ($9 million) net loss in 2005 (after several years of profitability), which put the airline on the verge of bankruptcy. </P> <P>The two 737s joined Adria’s fleet last month – one on a six-month lease from Cirrus Airlines and the other a one-year lease from Ukra