Croatia Airlines CEO: ‘We are under capitalised and that is our main problem’

    Croatia Airlines CEO Jasmin Bajić denied claims the airline is facing insolvency (Ex-Yu Aviation, 29-Mar-2019). “From time to time this story about bankruptcy reappears”, he said, adding Croatia Airlines is “not on the verge of bankruptcy” though must “create conditions for its future based on new foundations”. “We are under capitalised and that is our main problem”, he concluded. As previously reported by CAPA, the airline reduced losses 28% year-on-year to HRK82.2 million (EUR11.1 million) in FY2018.