ZAGREB, February 21, 2019 – The procedure to choose a strategic partner for Croatia Airlines will be conducted by an interdepartmental commission to be tasked with considering further steps in finding an experienced air transport partner that would contribute to the future development and competitiveness of the national flag carrier, the Croatian government decided at a session on Thursday.
“The commission’s main task is to consider further steps to be taken in order to find a quality strategic partner with significant experience in civilian aviation, who, among other things, would ensure the expansion of the airline’s network and increase its market share. Special attention should be paid to the importance of regular, year-round domestic and international transport and the need for strong support for the further development of Croatia’s tourism potential, as well as participation in the renewal of the company’s fleet and its recapitalisation,” said Transport Minister Oleg Butković.
The commission will propose the partner it chooses to the government in line with valid national and EU laws so as to secure that the majority ownership and management of the national flag carrier is in the hands of legal or physical persons from the EU, with the aim of maintaining the airline’s operating licence.
In September 2018, a procedure was launched to procure financial consultancy services in elaborating a model for Croatia Airlines’ recapitalisation and selection of the strategic partner. So far, there has been no information on possible applicants.
More news on Croatia Airlines can be found in the Travel section.