Government to sell 30% of Montenegro Airlines

Montenegro's Government announced plans to sell a 30% stake in national carrier Montenegro Airlines (Associated Press, 27-Sep-2010). The Government values the stake at EUR25.7 million and it will leave the tender open until 15-Dec-2010. Bidders must have at least five years' experience in the airline industry, have a fleet of at least 10 aircraft and have carried at least 2 million passengers in 2009. Montenegro Airlines' fleet comprises 10 aircraft, including Fokker 100s and Embraer 195s, and operates to 16 European destinations from its hubs in Podgorica and Tivat.