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Adria Airways concludes bailout, names new CEO
Financially beleaguered Adria Airways said it successfully concluded negotiations to acquire much-needed liquidity (ATW Daily News, Jan. 11). According to a statement from the state-owned airline, "the funds represent the basis for a serious and fundamental restructuring of the company." Adria acquired the cash injection by selling ordinary shares in Adria Airways Tehnika to PDP. It is expected that a similar agreement will soon follow with Aerodrom Ljubljana.