Croatia Airlines: State helps out

Tail fins from Croatia Airlines (Photo: Croatia Airlines).
Tail fins from Croatia Airlines (Photo: Croatia Airlines).

Croatia Airlines: State helps out

Tail fins from Croatia Airlines (Photo: Croatia Airlines).
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Croatia Airlines can look forward to a financial injection: The Croatian government is shouldering the crisis in the form of a capital increase of 46 million euros. To this end, the state carrier will issue new shares, all of which will be bought by the state, which already has a 99 percent stake in the airline. In addition, a further 11,7 million euros should flow as direct aid.

This is intended to cover losses incurred, such as exyuaviation.com reported. The measures taken would also comply with antitrust regulations. The money should reach Croatia Airlines this year. The airline recorded a net loss of 32,1 million euros in the first nine months of the year, compared to a minus of 6,5 million euros in the same period last year. In the first three quarters, sales fell by 59 percent to 71,7 million euros.

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Editor of this article:

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Nobody likes paywalls
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Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

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