A two-month old Boeing 737 MAX 8 of Indonesia’s Lion Air has crashed near Kerawang 13 minutes after taking off from Jakarta Soekarno Hatta International Airport.
Adria Airways stated on its website, that it will be recapitalized by its shareholder 4K Invest fund with a cash contribution of more than 10 million euros.
Followed by the German and Polish subsidiaries, the Lithuanian parent company Small Planet Airlines has now also admitted financial problems.
Several airlines were forced to file for bankruptcy or cease operations in the last months. AVIPEO.COM analysis reasons for the problems.