Monday, April 12, 2010

Jat’s fate on Thursday

D-Day for Jat
The final proposal for the future privatisation model of Serbia’s national carrier Jat Airways will be presented by the Prime Minister of Serbia to his cabinet on Thursday. The cabinet will vote on the proposal. The drafting of the privatisation model was undertaken by the Prime Minister, the Ministry for Economy, the Ministry for Infrastructure and the National Privatisation Agency, the Government told the Tanjug News Agency.

“The privatisation model will propose the creation of a new company which would become the national carrier of Serbia, free of debt and unprofitable assets”, Miodrag Miljković, the state secretary for aviation said. He also announced that the Government is currently not taking part in strategic partnership talks between Jat Airways and Turkish Airlines. Recently Jat Airways and high representatives of Turkish Airlines held talks about a possible partnership while last Thursday Jat sent requested documentation to Istanbul.

The Government is determined to sell off its national carrier this year along with its profitable state telecommunications giant. Meanwhile, this year, Jat has been reporting an increase in passenger numbers although it has also spent big on free health insurance for passengers and an ongoing media campaign. Further funds are being set aside for free taxi service for all of Jat’s passengers in Belgrade.

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