Serbian businessmen might take over flag carrier JAT Airways - report.

By bne IntelliNews February 2, 2012
A group of Serbian businessmen, led by the owner of Delta Group, Miroslav Miskovic, could become a potential buyer of troubled flag carrier JAT Airways, daily Blic reported, quoting an unnamed source. Miskovic already held talks with the Serbian government on the acquisition two weeks ago, the report said. Government officials will soon meet MK Group's Miodrag Kostic, Farmakom's Miroslav Bogicevic and the owner of Interkomerc, Goram Percevic. Under the plan, the government will keep 50% of JAT and give the remainder to the businessmen, the source, who is involved in the talks, said. The state would give no money but will provide the infrastructure, while the financing will come from the investors. JAT should urgently renovate its fleet, the source said. Last month, infrastructure minister Milutin Mrkonic said Serbia will within a month set up a new flag air carrier with the help of business people, restructuring JAT. According to Mrkonjic, the new company will take over the fleet and part of the employees of JAT but not over its debt. Serbia's second attempt to find a strategic investor for JAT failed last year when Latvia's Baltic Aviation Systems has pulled out of talks with the government on setting up a joint venture to succeed JAT Airways. Serbia decided in April 2011 to create a new company that will become a national air carrier together with a strategic partner.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss