Breaking News

Adidas to Start EU1.5B Shareholder Return Program
Tweet TWEET

Croatia to Put 800 Million Kuna in Airline, Poslovni Says

Croatia will inject 800 million kuna ($135 million) into Croatia Airlines d.d., the nation’s state- owned carrier, Poslovni Dnevnik reported, citing Transportation Minister Sinisa Hajdas Doncic.

The money-losing airline is expected to cut costs by 312 million kuna over the next five years and reduce headcount by 10 percent, according to the Zagreb-based business newspaper.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.