Croatia to Put 800 Million Kuna in Airline, Poslovni Says
By Jasmina Kuzmanovic -
2012-11-21T09:33:39Z
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
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