Serbia airline takeover: Air India too made an offer

The government of Serbia said that it will privatise its national airline by the end of the year. Government officials said that Aeroflot has given the best price and offer for the airline which has promised to expand Jat Airways, modernise Jat’s fleet and promised it will keep jobs of everyone working in Jat which is 2,000 people. Jat Airways confirmed that last week it had extensive meetings with Aeroflot which looked at the airlines structure. Meanwhile Air India also made a serious offer for the airline but it also wants to make Belgrade Nikola Tesla (Serbia’s and Jat’s main hub) it’s European home while Aeroflot focuses more on expanding and growing Jat Airways.
Meanwhile Jat turns 80 in June. Will this be its last year as a state run company? Jat Airways in 2006 managed its best results in the last 16 years having the second most passengers transported out of all the Ex-Yugoslav airlines and being the only EX-YU profitable airline in 2006. 2007 looks even more promising passenger and money wise. The airline’s main problem is an ageing fleet of 10 Boeing 737-300’s and 4 ATR72 aircraft.
28/05/07 Luchtzak Aviation, Belgium

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Categories: Air India May 2007, Foreign May 2007, New May 2007