Thursday, 28 October 2021

Croatia Airlines could have a new owner by next year as privatisation process is underway

Written by  Jul 28, 2019

Croatia Airlines could well have a new owner by 2020. The privatisation process of Croatia’s national airline has begun with the Minister for Sea, Transport and Infrastructure, Oleg Butković, commenting that "The company's privatisation process should be completed by the end of the year, and I firmly believe that we will be able to deliver within the set timeframe.”

The privatisation process of Croatia Airlines will happen in three stages, selecting advisors, creating a future business model and finally the actual change of ownership. The first step has already been completed with the German DVB Bank and Privredna Bank Zagreb chosen as the pair of financial institutions to act as advisors. And the final two stages are to be finished by the end of this year.

The airlines have recently reported that they expect a growth in passenger number of 5 percent this year, but that they are also not planning any new routes for next season until the privatisation process has been finalized.


The Voice of Dubrovnik


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