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.

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