Bloomberg News

Slovenia's Adria Airways Picks Barons Financial

March 29, 2012

(Corrects to show Barons is an advisory firm in second paragraph.)

Adria Airways d.d., Slovenia’s state-owned airline, hired Barons Financial Services Ltd. to help it find a strategic partner.

Barons Financial is a Geneva-based advisory investment banking firm, the Brnik, Slovenia-based airline company said in an e-mailed statement today. The unprofitable carrier, which received state funding of 50 million euros ($66 million) last year, has been seeking a partner or an investor for several years.

To contact the reporter on this story: Boris Cerni in Ljubljana at bcerni@bloomberg.net

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


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