23-Oct-2012 11:15 AM

Serbia looking at launching new airline: report

Serbia's Finance Minister Mladjan Dinkic said the Serbian Government is looking at creating a new airline out of Jat Airways, according to a Blic report. The Government would provide EUR140 million in guarantees to assist it to lease 12 new aircraft from Airbus. Mr Dinkic said the proposed new airline could link up with another carrier such as Etihad Airways which could take a stake in the airline and take over the lease guarantees. Mr Dinkic said, “This (teaming up with Etihad) is still an idea, but the making of the new JAT and the renewal of its fleet are definite government decisions”.