The Mayor of Belgrade, Siniša Mali, has said that Belgrade Airport will be put up for concession so it can keep up with Air Serbia's growth. According to Mr Mali, an estimate on the airport's value is expected by the end of the year. France's Lazard, which is acting as a privatisation adviosr, is currently drawing up documents needed to contact interested investors. "With flights to the United States and potentially Canada, slowly but surely the airport will have to develop in line with Air Serbia. That includes hotels, a new terminal, satellite terminal and maybe even a new runway. We need a partner who knows how to do this, who knows how to manage an airport so we can improve service levels", Mr Mali said. Earlier this year, Serbia's Prime Minister, Aleksandar Vučić, estimated the airport's value at 500 million euro.