Jat: MAT takeover imminent

MAT’s CRJ900 – currently stored in Ljubljana
Despite MAT recently being grounded by aviation authorities in Macedonia, Jat’s CEO has confirmed that the Serbian carrier will take over shares and revive the national Macedonian carrier. Jat’s team of legal experts are currently in Skopje where they are checking MAT’s legal and financial documentation. These checks should be complete within a week. The findings will be presented to Jat’s management board, after which, the Serbian carrier will send MAT a proposal whether it will take over a majority of shares (over 50%) or less than 50% of shares. The documentation checks have taken longer than expected because MAT did not immediately provide all the necessary paperwork. Also, Jat’s legal team requested more information regarding MAT’s financial reports. Jat’s CEO confirmed that MAT has extreme debt but declined to comment further. He stated that Jat is primarily interested in the Macedonian aviation market which is covered 35% by MAT, while Jat has a share of 10% in the market. “We are also interested in commencing flights from Belgrade and Skopje to Priština through MAT”, Saša Vlaisavljević, the airline’s CEO says. Jat is currently banned from flying to Priština due to the unresolved status of Kosovo in which Priština is located.

Meanwhile, the airline’s inaugural flight to Abu Dhabi on May 5 was a great success with Jat’s Boeing B737-300 awaited by water cannons and Abu Dhabi Airport CEO upon landing. Vlaisavljević confirmed that one of Jat Airways’ Boeing B737-300s has returned to the carrier after a 5 month lease to Air Ivorie. The aircraft registered YU-ANV, has returned after serving in the Ivory Coast and is still wearing the Air Ivorie livery (titles). The Serbian Government has also said it will speed up the restructuring of the airline after it passes a major economic stimulus package, which should combat against the global financial crisis in Serbia, later tonight.

COMMENTS

BLOGGER: 1
Loading...
Name

Adria Airways Air Croatia Air Serbia Archive files Banja Luka Belgrade BH Airlines bosnia and herzegovina Bosnian Wand Airlines croatia croatia airlines Dalmatian Dubrovnik European Coastal Airlines Feature Fleet Focus Global Jat Airways Jat Tehnika Kon Tiki Sky Kosovo Kraljevo Limitless Airways Livery Ljubljana low cost airline macedonia Maribor Mat Airways MAT Macedonian Airlines montenegro montenegro airlines mostar New route Newsflash Niš Ohrid Osijek Photo podgorica Priština Privatisation Pula Results 2008 Results 2009 Results 2010 Results 2011 Results 2012 Results 2013 Results 2014 Results 2015 Results 2016 Rijeka safety sarajevo Sea Air serbia Skopje Sky Srpska slovenia Split Summer 2009 Summer 2010 Summer 2011 Summer 2012 Summer 2013 Summer 2014 Summer 2015 Summer 2016 Summer 2017 tivat Tuzla Užice Winter 2008/09 Winter 2009/10 Winter 2010/11 Winter 2011/12 Winter 2012/13 Winter 2013/14 Winter 2014/15 Winter 2015/16 Winter 2016/17 Wizz Air Zadar zagreb
false
ltr
item
EX-YU Aviation News: Jat: MAT takeover imminent
Jat: MAT takeover imminent
http://3.bp.blogspot.com/_dPkdRARJcV0/SgJuutY8YNI/AAAAAAAAA58/w6lNsGb2zWQ/s400/2747318243_11256057b5.jpg
http://3.bp.blogspot.com/_dPkdRARJcV0/SgJuutY8YNI/AAAAAAAAA58/w6lNsGb2zWQ/s72-c/2747318243_11256057b5.jpg
EX-YU Aviation News
http://www.exyuaviation.com/2009/05/jat-mat-takeover-imminent.html
http://www.exyuaviation.com/
http://www.exyuaviation.com/
http://www.exyuaviation.com/2009/05/jat-mat-takeover-imminent.html
true
5263744212273266286
UTF-8
Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy