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Belgrade Airport, with resurgent Air Serbia, challenges the hub order in Central/Southeast Europe

Analysis

During 2014 a quiet revolution took place in an aviation backwater of Central and Southeast Europe - namely Serbia and in particular Belgrade's Nikola Tesla Airport.

After recording 5.3% passenger growth in 2013 a figure of almost 32% was achieved at Belgrade in 2014, leaving the neighbouring and much bigger capital city airports at Vienna, Prague and Budapest in the shade, even allowing for the low base figure at the Serbian capital.

This growth was unexpected is and quite surprising given Serbia's recent political and economic history and the fact that growth has not come specifically from the LCC segment, which is the usual source for 'secondary' level airports in Europe. It raises the possibility of Belgrade actually competing with these (regional) giants for pre-eminence throughout an area that is growing in economic significance.

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