A change of heart in the decision by Croatia Airlines to sell its lucrative Heathrow slots, reports ExYuAviation News on January 9, 2017.
Having previously announced its plans to sell its Heathrow slots, Croatia Airlines has now cancelled that plan, according to Ex-Yu Aviation News:
“Croatia Airlines has backed out of plans to sell its nine weekly slot pairs at London’s Heathrow Airport after further analysing the matter with the government . “The slot sale has been definitely halted and the plan has been cancelled. However, the company is still in need of additional funds for the maintenance of its aircraft engines. We will seek a long-term loan instead”, a source from the Ministry for Sea, Transport and Infrastructure told local media. The Croatian government initially put the slot sale plans on hold and requested for the airline’s management to draft a detailed report of the company’s finances and future plans by December 15, 2016. After scrutinising the results, a final decision was made concerning the sale of the airline’s departure and arrival times at one of the world’s most congested airports. Last week, EX-YU Aviation News inquired for an official response from the carrier, however, the company is yet to comment.”
Read the full story on the Ex-Yu Aviation News website.
