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3-Jul-2012 11:30 AM

Montenegro to provide EUR36m for Montenegro Airlines’ restructuring plan

Montenegro Government plans to provide EUR36 million for Montenegro Airlines’ restructuring plan, according to EX-YU Aviation News. The Government also ordered the country’s two international airports, Podgorica Airport and Tivat Airport, to write off the airline’s EUR9.7 million debt to the airports. In return the airports will receive stakes in the carrier.