Wednesday, September 10, 2014

UAE company eyes Aviogenex takeover

Emirati company submits Aviogenex offer

A Dubai-based company has sent in an offer for the purchase of Serbian charter airline Aviogenex. The offer comes after the government put up 502 state-owned companies for sale a month ago, among which is Aviogenex. Prior to the break-up of Yugoslavia, Aviogenex was the busiest charter airline in the country, handling over half a million passengers per year in the late 1980s. However, the carrier has fallen on hard times with a single and aging Boeing 737-200 jet grounded at Belgrade Airport and a handful of employees. The deadline for the submission of bids has been set for September 15, after which talks with interested parties will begin. The offer is the most serious chance yet for Aviogenex’s revival.

A recent statement issued by Avigenex employees said, “Aviogenex practically does not exist. It is neither here nor there. Our hands are tied. We haven’t been paid in over a year”. Aviogenex last operated flights during the winter on behalf of Westair Benin to which it leased its aircraft, pilots, crew and maintenance staff. Its 27-year old B737-200 returned to Belgrade earlier this year and has been grounded ever since. In previous years, the airline operated on behalf of Jat Airways during the peak summer season, as the Serbian national carrier faced a chronic fleet shortage.


In early 2013, prior to Jat Airways’ sale to Etihad Airways and subsequent relaunch as Air Serbia, the Serbian government revealed plans for a possible joint venture between the two airlines where Aviogenex would receive Jat’s aging Boeings and set up low cost flights. In a statement, the Ministry of Transport said at the time that the low cost airline, which would operate as a subsidy of Jat, would have the task to compete against other no frill airlines and connect Serbia’s alternative airports such as Niš. The low cost airline, operated on behalf of Aviogenex, was to start operations once Jat’s fleet renewal process was complete. Incidentally, Air Serbia is set to complete its fleet renewal process this month with the arrival of its tenth Airbus aircraft. The fate of the remaining four Boeing 737-300s, currently utilised by Air Serbia is unknown. Aviogenex was set up in 1968. In 1990, its busiest year, it handled 633.932 passengers with a fleet of ten aircraft. The airline currently employs seven pilots, seventeen crew members, twelve ground engineers and four flight dispatchers.

46 comments:

  1. What on earth would they do with Aviogenex?! Could they be after their AOC?

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  2. Yes, also very interested to know why they would want Aviogenex. But if its a UAE company that means they can't just come to Serbia and register an airline (like a company from the EU could do) so they probably want the AOC). Would be interesting if they created some low cost airline and how it would affect JU but this is probably all in agreement with them. Anyhow, very interesting time for Serbian aviation.

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    1. Izvinte jel mozete da mi objasnite sta je AOC nerazumem bas sta to znaci:) HVALA UNAPRED :)) INN-NS

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    2. http://en.wikipedia.org/wiki/Air_operator's_certificate

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  3. Maybe for Nis flights

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  4. Sigurno da u Srbiji i jugoistocnoj Evrropi postoji ptostor za snaznu carter kompaniju koja bi servisirala destinacije
    od Sarm El Seika do Kazablanke i Azora tokom cele godine... A tokom evropskog lrta turisticke destinacije po Evropi i ad hok destinacijama. Sigurno da investitor ima kapacitet za novu flotu, pristup sirokom trzistu, efikasnom i efektivnom poslovanju... Jednom recju Know How. Srbiji treba razvoj. Srbija nema potencijal da sama i samostalno formira ni biznis ni trziste. Ali ima kapacitet da kontrolise transparentnost poslovanja, zaposljava svoj operativni personal, naplacuje porez.... Pored Beogradskog, bice letova i sa Niskog, Kraljevackog aerodroma u godinama koje dolaze. Let hoppe!...
    Rod. Son & Co. Kraljevo /// Sydney.

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    1. Pa već postoji Wizz i Aviolet koji servisira jugoistočnu evropu, i ne vidim da tu ima mesta za još jednu avio kompaniju sa bazom u Beogradu.

      Takođe mislim da grešiš ka kažeš sledeće:  Ali (Srbija) ima kapacitet da kontrolise transparentnost poslovanja. za to se možemo samo nadati, ili živeti u zabludi, jer korupcija je previše ukorenjena.

      -- Charlie

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    2. Хмм мислим да се пре каже опслужује а не сервисира. :/

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    3. Srbija nema Aviolet. Misljenje sam da je Aviolet nastala zato sto Er Srbija zeli da se udaljava od tih letelica (B737-300). Nisu zeleli da te letelice nose boje Jat ervejza, niti da im se novi imidz Er Srbija brendira na tim letelicama, a takodje je opste poznato da ce par tih letelica saobracati na carter marsrutama. Takodje, bez te letelice nisu mogli. Dakle....

      Takodje godinama vec imamo Wizz koja nista spektakularno nije napravila od svoje baze u Beogradu, i od kako se Er Srbija ojacava i oporavlja oni se samo bune. Nema novih trzista, kopirali su samo Jatove marsrute, dakle nemaju neki konkretan plan razvoja u Beogradu, jer da imaju oni bi to vec odavno i uradili, zar ne?

      Dakle, ili da Wizz Air malo poboljsava ponude sa Beogradskog aerodroma ili da vidimo ko ce to da uradi. Misljenje sam da ima mesta za jos jedan prevoznik na beogradskom aerodromu.

      A sto se tice nasih kapaciteta, da nam drzava nije toliko korumpirana Srbija bi mogla da bude uredjena kao diznilend ali eto nije, niti je ovaj forum mesto za politiku niti za tuznih prica.

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  5. This is fantastic news for poor old Aviogenex. Wish them all the best.

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  6. OT: Anyone has a clue on why EasyJet will pull out from both BEG-FCO and BEG-MXP routes. Do they anticipate unbeatable competition from Alitalia and Air Serbia who are now both in Etihad's alliance? Or is it because Alitalia already beat them and Air Serbia on the FCO route? And what was wrong with MXP flights anyway?

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    1. "Fair competition". 404 in BEG.

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    2. Air Serbia was also crushed in Rome. They have/had around 50 passenger per flight. They are also reducing their flights from 14 to 7 weekly rotations.

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    3. Good thing they can save on airport costs by having them completely written off then.

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    4. I think now that AZ and JU will be defacto partners in the Etihad Alliance, I expect to see more happening on flights between Italy and Serbia. I expect both AZ and JU expanding in co-operation, and both expanding on flights between respective bases. Both have something to offer. U2 is clearly the weaker third. Theyll need to bring in something new. Id like them start MAN-BEG and NCE-BEG.

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  7. http://www.aviokarta.net/vesti/2681-easyjet-ukida-liniju-izmedju-beograda-i-milana-od-marta/

    It doesn't make sense to discontinue such a profitable route in summer. Why??

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    1. Well, if it was profitable they wouldn't be pulling off, so that's your answer

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  8. Great news for Aviogenex! Its a shame that this didnt occur a few years ago, so that AGX does what Wizz is doing for the last couple of years.
    Aviogenex is a legendary charter carrier that has got a bright future on EXYU LCC sky. Its got a highest "regional" potential as it is known to many.

    vlada kinderlada

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    1. Wizz hasnt done much in Belgrade, While Jat was what it was they had massive opportunities and didnt do much other than copy Jat routes. Wizz is not something that AGX should look to.

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    2. What I meant was the rapid expansion of one small LCC in the Balkans. They got a nice share of pax in this part f Europe. IMO AGX could play that "regional" and neutral role that is still a big issue in EXYU.
      I would love to see them linking Ohrid, Pristina, Zagreb, Spain with BEG/INI...

      vlada kinderlada

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  9. A reminder of Kondic Christening his office, for one year later the in-flight magazine of Air Serbia to feauture the Latin Alphabet:

    http://1.bp.blogspot.com/-nCJfhlk5xDU/Ul_a7_MltKI/AAAAAAAAKNs/zPajC3EZjGU/s400/img_5806.jpg

    http://2.bp.blogspot.com/-1VW1Is4AT68/Ul_bO2p_MQI/AAAAAAAAKN0/5-Ce8b2ZbBM/s400/img_5833.jpg

    http://cs618327.vk.me/v618327496/15a68/l7nO4nxhjys.jpg

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    1. Oh my god give it a break man. The news is about Aviogenex, not about Kondic, Air Serbia, Cyrillic or popovi.

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    2. I'd like to know if their inflight magazine is in Cyrillic. It's not the most important issue, it's the ONLY issue.

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    3. Everyone knows that the magazine, a bloody magazine, is in latin script. It is a script widely used and understood entirely by people living in Serbia. A script used by the majority of printed media in the country. give it a break

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    4. PS patriotism towards your country is not highlighted by whether you write in cyrilc or latin.

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    5. I guess it's not highlighted by the language you speak either. Or the flag either. Or the name of the carrier either. It could have as well boasted the Marshall Island's flag, use Tagalog language and Arabic alphabet, all while Kondic Christening his offices with an Orthodox pope...and it'll still be Serbian!

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    6. Cyrillic is also widely understood by people living in Serbia.

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    7. Why don't you write Kondic an e-mail then? You have it on the Air Serbia website (wow the name of the company is in English and not in Serbian Cyrillic). Instead you choose to bore us here day in and day out.

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    8. Nije vazno kako pise vazno je da posluje sa + INN-NS

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    9. Give it a rest Bro ... Communists like you are long discredited ... pack up and move to Cuba or North korea ... there you will find many who share your views

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  10. I don't mind losing those German routes like Cologne, Stuttgart etc. Those can be compensated with Niš in the future. But, those low-cost lines to Italy are really important since many ppl from Bosnia use it as well. Still I cannot understand why did they cancel the route in March but not in October..

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  11. I have a strong suspicion that they're talking about Eastern Skyjets.

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    1. Can you tell us more about Easter Skyjets? Who are they?

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  12. AGX with new owner will be good to start their operations from INI.

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  13. Ako prodaju AGX za 100000-140000 eur trebaju biti sretni posto jedino onaj krs 732 vredi nesto. Znaci to je a kompanija koja ce leteti iz INI . Da nije ta tajna kompanija mozda FZ sto hoce AGX da kupi ? . AGX ce sa novim gazdom sigurno uzeti 2-3 738 na leasing zbog JAT tehnike. :) . Mozda oni krenu leteti za LOWI ako budem imao srece barem zimi kad JU nije ni zimi zaintresovana :((. INN-NS

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    1. Kako da ne, ima sve da pršti od 738. Neće imati gde da ih parkiraju, toliko će ih biti.

      Čak i ona ćiriličarska lupetanja i kukumavčenja imaju više smisla od tvojih bisera.

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    2. A sto nebi mogli uzeti 2 do 3 738 ? ako ih preume FZ. INN-NS

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  14. Ja ti rekoh da je bolje da se posvetiš granatici maternjeg jezika.

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    1. Nzm Na kakve granate mislite. Pre nego sto ispravljate Druge posvetite se sebi, ja idem u Austriji u skolu gde nema srpskih skola ni na veronauci nesememo pricati srpski;) INN-NS

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  15. Well then this means the end of Croatia Airlines then because nobody else is buying Airlines except the Qatar, Etihad , Emirates. As they have already invested in Airlines in the region. Croatia Airlines can thank their Ceo Kucko. What aan bad example of a business person. Congratulations to the Airlines that found a buyier .

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  16. Yes he was lately on Serbian TV crying. Mr.Kucko we Serbs don't believe in your bullshit we are business people not Liars

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  17. By the way, new owners at Onur Air are changing their strategy so they will be establishing a hub at Ataturk airport. They will be launching several daily destinations (Amsterdam, Dusseldorf...) and I hope to see more of them here in the Balkans. I think Sarajevo could be interesting for them.

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  18. Btw, AOC of Aviogenex has expired on Aug 31st.

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  19. how so? This is published on CAD..

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