Adria Airways was purchased by the Munich-based turnaround fund 4K Invest in 2016 for a mere 100.000 euros through its subsidiary AA International Holding. Under its motto “We fix it”, 4K Invest said in 2016, “Adria Airways will make good connections available for business customers and offer attractive ticket prices for tourists. It will continue to serve the markets of Slovenia, Albania, Kosovo and Macedonia, connecting these countries with the world through the Star Alliance network. We intend also to grow in Estonia, a new market the airline entered in November 2015”. However, since then, Adria left Estonia and its passenger numbers from Kosovo have seen a notable decline. Earlier this year, the fund said there was no room for growth in Slovenia due to the small size of the market. In 2017, AA International Holding acquired Etihad Airways’ upscale Swiss arm Etihad Regional. The investment proved futile and the company folded shortly after. The circumstances surrounding its collapse are still under investigation by Swiss authorities. Since Adria's bankruptcy announcement this afternoon, 4K Invest shut down its website.