El Al has Montenegro Airlines in its sights
El Al has a fleet of 40 aircraft and operates to over 40 destinations worldwide. The airline carried 3.8 million passengers on scheduled flights in 2009. One of the conditions for the purchase of Montenegro Airlines is for a carrier to have carried 2 million passengers or over in 2009. However, the other bidder, Arkia, carried only 710.000 passengers last year. Whether the government will make an exception for the abovementioned rule remains to be seen. Last week, the Montenegrin Prime Minister met with Arkia CEO and owner in Tel Aviv.
So far, no other airline has expressed interest in the Montenegrin carrier. Airlines have until December 15 to place their bids. The government has not set up a starting price for the 30% share package.
Note: In the original article published at 9.00 CET the wrong 2009 El Al passenger statistic was provided. It has now been amended. Apologies for the oversight.