New Tender Launched for Bankrupt Aviation Firm
The bankruptcy administration of Vektra Aviation, a company based in Montenegro, has initiated a new public tender for its sale, setting the starting price at 5.17 million euro. This represents a significant reduction from the previous attempt to sell the company in June, when it was offered for 6.3 million euro but failed to find a buyer.
The sale will be conducted through a public bidding process, requiring the submission of written offers. Both companies and individuals are eligible to participate, provided they pay a deposit equivalent to 5% of the starting price.
Key Dates and Assets
Prospective buyers must submit their offers to the Commercial Court by December 2 at 14:00 (2 PM). The submitted bids will then be publicly opened the following day, December 3, at 12:00 (12 PM).
The assets of Vektra Aviation, which are primarily located at the Podgorica airport, include:
- A 2,100 square meter aircraft hangar
- A 1,000 square meter VIP terminal with accompanying facilities and equipment
- A Beechjet 400A aircraft, which is currently out of service
Background of Vektra Aviation
Vektra Aviation was established in 2006, initially intended to cater to the needs of Vektra Montenegro, a diversified corporation owned by businessman Dragan Brkovic. The company entered a liquidation procedure in 2014 due to an unpaid loan owed to local lender CKB. Subsequently, bankruptcy proceedings against its parent company, Vektra Montenegro, were initiated in 2021 at the request of NLB InterFinanz, a Zurich-registered financial company that is part of Slovenia's NLB Group.
5 Comments
dedus mopedus
Just another asset stripping operation. The original owners should be held accountable.
Comandante
A fresh start for these assets! Positive news for the region.
Muchacha
Another Montenegrin business saga. It's a risky investment, no matter the price.
Mariposa
It's positive that these assets are being re-tendered, offering a chance for economic revitalization. However, the recurring financial troubles of Vektra and its parent company highlight the need for robust financial planning from any new buyer.
Africa
While the assets like the hangar and VIP terminal are valuable, the fact that the Beechjet 400A is out of service adds a considerable cost burden. It's a mixed bag of potential and necessary investment.