Monday, September 11, 2017

Air Serbia to downsize winter operations


Air Serbia will rationalise its destination network during the upcoming 2017/18 winter season when compared to last year in line with its ongoing cost cutting measures aimed at increasing cost effectiveness and adapting to the needs of the market. This winter, the airline will discontinue its daily flights between Belgrade and Abu Dhabi, exactly four years since the route's launch. Furthermore, its Hamburg and Larnaca service, which ran on a year-round basis last year, will now have limited operations during the winter season. Flights to Hamburg will be maintained only between December 18 and January 8, while services to Larnaca will be suspended between November 15 and December 19, and then again from January 23 until March 16.

Several destinations within Air Serbia's network will sustain frequency cuts, mostly once per week. Services to Beirut, Berlin, Bucharest, Copenhagen, Dusseldorf, Paris, Rome, Stockholm, Tel Aviv and Tivat will have one flight less compared to last winter, while services to Banja Luka will be reduced from three to two per week from November 21 until mid-December and then again from February until March. Flights to Ljubljana and Zagreb will also be reduced by two per week for a total of ten weekly services. Previously, Air Serbia's CEO, Dane Kondić, noted, "You don't solve seasonality by flying three or four new routes to various places. What we should be doing is growing our load factors with what we have. That's how you make a company stronger. There is still much more room to grow within what we have. The focus is going to be on internal consolidation and strengthening the business before we go on to any major further growth. We have to get better returns on what we have".

On the other hand, Air Serbia will extend its newly launched seasonal summer service to Venice throughout the year, which will be maintain four times per week over the winter. Furthermore, its Zurich operations will be boosted by one weekly flight for a total of two daily services. Operations on the airline's flagship service to New York will remain unchanged with three flights per week, as well as an additional fourth weekly service between December 15 and January 12. It should be noted that, as per usual, Air Serbia will increase frequencies on the majority of its routes during the busy holiday period between mid-December and mid-January. The Serbian carrier has previously noted it plans to lease out one of its Airbus A319 aircraft during the winter season.

159 comments:

  1. Replies
    1. So many cuts, reduced lines and losing transfer passengers and leasing out planes...

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    2. Actually, nothing scary if you understand the basics of airline companies economic ups and downs. Standard procedure.

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    3. @ 9,15 (1). Leasing out planeS? It says one plane will be leased out. How many planes is Adria leasing this summer and next winter? Is it scary there too because of it? How many planes does Croatia Airlines have grounded during the winter? Is that scary too?

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    4. Anon @9:05

      Kondic's projection of the future.

      True, reducing capacity is growing load factors, however the algorithm is not a simple linear equation.

      Reducing capacity is also loosing a number of pax, and some of them never return.

      Reducing capacity often leads to substantial increase of prices, which, again, turns away part of pax.

      Growing load factors is a much more sophisticated task than just cuts in frequencies. Kondic doesn't seem to be fully aware of that.

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    5. Congratulations Mr CEO, this will be such a brilliant move especially for transfer passengers which used to fly with you. In stead of further promoting their brand so that passengers know they exist, they are going in the opposite direction.

      Given that only Jatovci have remained in the airline, I bet next winter they will further consolidate by introducing flights to ARN via CPH. lol

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    6. I'm very surprised LED stayed intact.

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    7. Well LED has been operated like HAM from the start.

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    8. I've seen an information that LED flights are sponsored by Russians.

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  2. Some of those frequencies will be down to JatAirways-era levels.

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    1. Well it´s not the name of the airline but the surrounding in which the airline operates that leads to these things.

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    2. Exactly last anon. People seem to forget this.

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    3. It says perfectly in the article "adapting to the needs of the market". If the overall market is poor you can't do much about it.

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    4. Not really. During its two last winter seasons (W11/12 and W12/13) Jat Airways had fewer than 20 flights a day. Air Serbia will have around 32-33.

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    5. If you want to be a transfer airline you need regular feed though.

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    6. The thing is not to have a huge number of flights. The thing is to make money with it, which they obviously can`t otherwise they wouldn't be reducing but increasing their production.

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    7. Then how come LO will be increased BEG to daily this winter? Or how come Transavia is doubling their own flights, don't these airlines care about their profits? Maybe Dane can give them a course on how to run an airline. Lol

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    8. Nema profita od transfera preko Amsterdama.

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    9. Well probably because BEG makes only a fraction of their production where they can afford to gain market share ;) Unlike JU which cannot rely on other sources of income except their BEG ops.

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    10. Imaju los interline. A AF KLM iako pravi gubitke moze da ih ucenjuje i pored kilavog Etihada.

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  3. At the end they become so 'solid' they'll just crack.

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  4. Those Banja Luka flights seem to reduce every season be it summer or winter.

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    Replies
    1. They have kept it at 5 per week for two summers already.

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    2. It used to be daily during winter!

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    3. Naravno kad je CEO iz nekog sela u RS pa mora da postoji let za Banja Luku.

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  5. I think they would solve a lot of issues by actually getting 100 seat RJs which can be used on routes the Airbuses are too big for. They already have the highest annual LF among ex-Yu airlines but if they want to reach their target of 80% it is time to invest in the fleet.

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    1. Amen. ASL needs regional aircraft!

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    2. Indeed. Regional airline without regional jets.

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  6. Not enough passengers paying fares high enough for the airline to grow profitably.

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    1. Fares are absolutely high enough. The problem is that their back office is way too big. They need massive layoffs if they want to be profitable.

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    2. Those who can pay those flights don't fly on JU, they want stability, something JU can't give them.

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  7. Why don't they try keeping Dubrovnik and Split over winter? I think it could work.

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    1. Dosta bi putnika bilo iz DBV i SPU za JFK via BEG

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  8. Most people here still don't get how seasonal the ex-Yu market is and all ex-Yu airlines have exactly the same problem.

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    1. It is one of the biggest issues for all airlines but I don't see a single airline trying to fix it in any way.

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  9. Here people can compare Jat's 'impressive' network for their last winter season

    http://tesdfdfd.blogspot.rs/2012/10/jat-airways-winter-20122013.html

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    1. Why are you using the last one, take one from 08 or 09.

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    2. Or even better, compare JU schedule for 2013/14 winter and today.

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  10. Pity about Hamburg but I assume that Wizz Air's new German destinations have affected this route.

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    1. Not so sure. It seems that Wizz Air has also overestimated the Serbia-Germany market. Nuremberg ending this winter.
      http://www.exyuaviation.com/2017/08/wizz-air-to-end-belgrade-nuremberg-route.html

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    2. They are also ending their Karlasruhe Route from march next year.

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    3. A toliko ste se radovali i kinjili malog INN iz Austrije.

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    4. Hanover has bad loads as well recently :( ...seems Hanover / Hamburg area have a too small pax base for 2 airlines

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    5. Where is INN-NS by the way?

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    6. He is gone to the Bus-Portal "Autobusi.net", thank's God. Tamo oslovljava "Kollege" sa gospodinama i pravi njegov omiljeni vozni park kada bude imao svoje preduzece autobusa.....Kako sam se samo stideo sunarodnika Srbina i Vojvodjanina.....

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  11. Split could work, one or two a week for sure! Dubrovnik, not sure, since they had ATR operate it this summer on certain days. Something that Split never did in high season.

    As for regional fleet, I still say they need a 80 seater somewhere in there. Q400 or CRJ...

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    1. I think two weekly on the ATR to SPU and three around the holidays would work.

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  12. Also no Istanbul this winter, although truth be told they did suspend it during last winter.

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    1. Interestingly no ex-Yu airline serves IST anymore. Complete dominance by Turkish Airlines.

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  13. Looking at their destination map, Iberian peninsula missing big time.

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    1. I'm also surprised that they have never attempt to fly to Spain. Barcelona or Madrid could work.

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  14. And no major cuts to Germany like some were expecting because of Air Berlin bankruptcy. Their German network has nothing to do with Air Berlin but mostly with diaspora travel.

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    1. Well HAM will only operate for a month, but otherwise no major cuts to German network.

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  15. Will the B737s stay in the fleet this winter?

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    1. I think so yes, but they are not used much during the winter.

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    2. Interesting that EU still allow 30-year and older aircrafts to fly in its airspace?

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  16. Good luck JU. I hope this is the last winter you will be reducing your network.

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    1. Most probably. Gone next year just like Air Berlin.

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    2. Aca, if they are not gone next year, are you going to say that you were wrong?

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  17. Until they get more planes they can't really do much in terms of expanding. What's the point of flying empty. Better to have fewer frequencies and more bums on seats.

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  18. ZAG and LJU are each down by two because that is where they took the ATR from to operate 4 weekly to Venice.

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    1. So Venice performed well during the summer?

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    2. at least one succesful story

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  19. Next year they will have even stronger competition from LCCs. They need to be smart about their scheduling and networking.

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    1. Smart and Air Serbia rarely go together in a sentence

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  20. It's interesting how Scandinavia has never really worked outside the peak summer and holiday Christmas periods. They will only fly 3 per week to ARN and CPH and I don't think they are even considering Oslo.

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    1. Extremely seasonal.

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    2. Their presence in the Middle East is also becoming light.

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    3. When Etihad took over they immediately removed Gothenburg from the schedule which was operated by Jat for years.

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  21. They must be doing well in Prague to keep 10 p/w for a second year. I'm surprised CSA hasn't considered returning.

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    1. CSA is a mess of a company. But it is good there is now another option to Prague and that is Hainan Airlines. And even better it's on an A330 rather than an ATR.

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    2. And they will operate on convenient days too - Monday and Friday.

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    3. Anyone have the scheduling for those flights?

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    4. http://www.exyuaviation.com/p/hainan-airlines-prague-belgrade.html

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  22. What will they do with the planes? Considering how many cuts they made I imagine planes will be sitting in Belgrade ...

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  23. I am sad about Copenhagen. Wizz Air's Malmo flights taking their toll.

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    1. Why? As far as I can see Copenhagen will operate during winter.

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    2. They are operating them but it's down to 3p/w.

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  24. Air Serbia should consider flights to Barcelona, Madrid and Lisbon next season 3 - 4 flights per week.
    I don't understand that there are no direct flights to Spain and Portugal.

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    1. TAP did fly a few years ago but again problem was seasonality.

      Portuguese national carrier, TAP Portugal, has suspended ticket sales for its flights from Lisbon to Belgrade starting January 14, just five months since the route was initially launched. It comes as a result of poor loads. Belgrade becomes one of three causalities in TAP’s network from the new year, with its flights to Tallinn and St. Petersburg also to be suspended. Both were launched this summer as well. An airline spokesperson told the Portuguese press, “These routes performed well during the summer, but bookings for the coming months are not encouraging”
      http://www.exyuaviation.com/2014/12/tap-portugal-to-suspend-belgrade-flights.html

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    2. I think TP used it as an excuse. They flew to BEG during a time when they experienced a major fleet shortage. It wasn't uncommon for them to have a 4 hour delay.

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    3. They were in complete shambles back then. And still are to some extent. Remember they also suspended Zagreb which they served for years.

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    4. TAP had a fleet problem and had a ridiculous slot early in the morning from Belgrade. With Air Berlin and AlItalia as troubled partners operating this destinations. I would say Air Serbia should offer the flights. Also big possibility for connecting passengers to from Spain to Emirates and Asia.

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  25. Racionalizacija linija u van sezoni jeste osnov za pozitivnim upravljanjem resursa. Uz sezonski lizing aviona. Letenje polu praznih aviona je zavlacenje ruku drzave u dzep platiocima poreza. Doslo se pameti da avioni ne lete da bi nosili drzavnu zastavu na repu aviona. Realnost zivota polako se useljava u Srbiju.
    Rodney Marinkovic, Qantasville II. Kraljevo.
    SRBIJA.

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    1. Gospodine Rodney sta vas je nagnalo da okrenete plocu?

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    2. Potpuno ste upravu! Nema razloga da se ide polupraznim avionima (ili gore praznih) da bi neki pricali kako nezna 'uprava' da rukuje kompanijom i kako se treba Dane smeniti. Na kraj krajeva, kompanija Air Serbia ima 2 vlasnika i oni zajedno sa direktorima se dogovaraju o sledecim postupcima. Niko od nas nezna koliki je trosak za taj jedan let, i po kojoj ceni se moraju prodati karte za profitabilnost. A profitabilnost daje resurse za sirenje flote i eventualno otvaranje nove linije i zaposljavanje.

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    3. Gospodine Anon 10:52 AM.
      Stome pitate sta me je "nagnalo da okrenem plocu", iskreno okolnosti. U prvom redu nisko budzetni prevozioci. Na drugom mestu jeste konkurencija. Slaba finansijska moc domaceg stanovnistva da mogu placati cene karata vise od Low Cost prevozioca. Mala flota aviona, delovi... veliki broj zaposlenih za velicinu flote... Jos vise faktora koji ne trpe teoriju...
      Vama pozdrav iz Kraljeva. Pored koga je aerodrom Morava.
      Radovan Marinkovic 😀🇷🇸🌐😀

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    4. This comment has been removed by the author.

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  26. I remember earlier this year I read an interview with Dane here who said how they have to work to ease seasonality and how it's a major issue, and then they go and turn 2-3 routes seasonal - Hamburg and pretty much Larnaca. So how do you solve seasonality if you turn your year round routes into seasonal all the time?

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  27. Why did they completely suspend Abu Dhabi? Why didn't they keep it at 3 or 4 per week. During the 2013/14 winter season they operated those flights 4x per week. Etihad+JU now become completely noncompetitive on Belgrade-Middle East flights and will definitely loose ground to Qatar Airways and Flydubai-Emirates.

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    1. The route is expensive for them. They can't make money (and I doubt they ever had).

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    2. It seems like every route is expensive for them.

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    3. EY will become irrelevant the moment EK puts its code on flydubai's flight.

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    4. They already have
      EK 2220/2221. They are listed on Belgrade Airport's website too.

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    5. Meanwhile Air Baltic will start seding CS300 between Riga and Abu Dhabi.

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    6. I don't think it's a question of if the route was profitable but the face the aircraft would be more useful and generate more profit on shorter inter Europe routes.

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    7. They gave up BEG-AUH to make room for EY's upgrade to wide-body next year. That's the way EY's AUH-BEG will compete with EK's DXB-ZAG route.

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    8. Why on earth would they compete with EKs ZAG service? EY will never use wide body A/C to BEG. They have not even scheduled flight to BERLIN, where AB will cease its daily two flight this months.

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    9. EY has no rights to fly to Berlin. they would have to give up slots at FRA,MUC and DUS

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  28. I think the schedule reduction is a good move in terms of reducing the losses at Air Serbia during the quiet winter months. JUs recent profit of EUR900 after a tax payer contribution of EUR40m is simply not sustainable. Good move JU

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    1. +1

      People can't expect for them to wave a magic wand and produce a profit. You have to make some tough decisions in order to make a profit.

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    2. But, people say that unused emtpy planes sitting on a tarmac are only loss making?

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    3. The issue is that they should have started out like this. Such moves only go to show how clueless they were four years ago.

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    4. I will believe in their readiness to make tough decisions when they start laying off people at the HQ.

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  29. Quite a difference from last year
    http://www.exyuaviation.com/2016/10/air-serbia-eyes-north-africa-asia.html

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    1. Or 2 years ago when they were talking about Chicago and Toronto after JFK...

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    2. Or they just reined in some politicians and are still talking about it but behind closed door?

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  30. Do we have a definite answer as to what is happening with the A320neos? According to past reports the first are supposed to arrive in the second half of 2018. When ex-yu asked Kondic about it he said something like they are still in play but that was not a straight answer. Anyone know?

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    1. Some "stručnjaci" from here told that A320Neos will never come.

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    2. and what makes you think that they will be coming? Do you realize that ASL is insolvent? Do you realize that A320N is not what this airline needs? All they need is 4-5 Airbuses 319/320 and newer regional jets.

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    3. Do you realize that A320N is not what this airline needs?

      ??? When Air Serbia introduced slim seats and additional charges everyone said they will be turning into LCC! If they are turning into LCC all they need is A320NEO and 321. They don't need ATR, regional jets, A319 etc.

      Or people were just wrong about Air Serbia tunrning into LCC?

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  31. I'm surprised by the amount of holiday charters still operating by Aviolet in mid September. Apparently charters have really helped JU this summer and even though they cut flight operations significantly, thanks to charters they have managed to increase passenger numbers this summer. I'm wondering if we will see charters in winter.

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    1. Actually I have been following the charter flights during the past 2-3 months and I can say that I am positively surprised how well the 4 B733 held to the task. No major delays whatsoever, even perhaps better punctuality than regular traffic! And of course it was nice to have them as backup for the more sophisticated fleet that had technical issues. Great JOB B733!

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  32. OK fine, they are cutting the costs but the ATRs are almost 25 years old, isn´t it expensive to maintain old aircraft?
    Speaking of expensive routes, what´s the point in keeping JFK where they can simply fly the A330 and organise charters to Thailand, Sri Lanka, etc?

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    1. old saying goes that if there is a proper maintenance there is no old aircraft ;)

      joking there, but generally speaking leasing new plane would cost more and the difference in the leasing cost is compensated by the maintenance. it depands from case to case

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    2. JFK is out of consideration, it's Vucic's personal show-off, for 30-40M EUR a year.

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    3. Are the numbers on JFK flights anywhere improving?

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    4. They have been 85% + full over the summer, so i guess that means they are

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  33. Downward spiral. This can no longer be stopped. This time next year Air Serbia will be out of existence.

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    1. Wrong, the government will step in and send money and appoint a political crony to run the airline. This way it will be as the governments envisioned.

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    2. @ 1:11
      You just keep telling yourself that, I'm sure you'll do just fine ;)

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    3. @Anonymous at 1:11

      If Air Serbia is still around next year you should be blocked from making comments. Actually you said that last year and Air Serbia is still around, so you should be blocked right away.

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    4. Omg...these people predicting that Air Serbia and likewise Croatia Airlines will stop existing remind me of crazy doomsday prophets! Every time they are certain about a year, or a date of apocalypse and when, naturally, nothing happens...they go on to the next date. Hahaha!!

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  34. Eithad is the problem someone else like Lufthansa should be managing them.

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    1. Kakvo tesko neznanje da je to za plakanje. Firme sa kojima je upravljala LH su prosle nekoliko bankrota Swiss i Austrian npr.

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    2. Huh? Mozda ne bi trebalo da optuzujes druge za neznanje ako potom odvalis,nesto ovako.
      LX I OS nisu nikada bankrotirale. Swissair bije bio u vlasnistvu LH kada je propao

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    3. SR nikad nije bio u vlastnistvu LH. LX je bio pred bankrotom 2005, dok ga nije kupila LH. Od tada su profitabilni.

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    4. Pogledaj bolje sta su uradili u OS preko Tyroleana.

      In a consolidated effort to save Austrian Airlines from bankruptcy, the Austrian Airlines CEO at the time, Mr. Jaan Albrecht fused the entire fleet and staff of the Austrian Airlines Group.

      Zaista nemam nameru da sa vama finansijski nepismenima raspravljam iste marifetluke u avio saboracaju.

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    5. Prelaz na Tyrolean je bio preduslov za preuzimanje OS-a.
      OS nije bio pred zatvaranjem zbog LH, zapravo oni su profitabilni danas zbog njih.

      Ipak si ti nepismen

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    6. Uzmi malo procitaj nesto umesto sto nam pokazujes kakav si duduk. Preuzimanje od LH je bilo 2009 a sve sa Tyroleanom 2012 do 2014. U svakom slucaju sve ide prema tome da opstane samo LH i Eurowings. Nikakva vise pomoc subsidarima.

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    7. To sto se prelaz desio posle nekoliko godina ne znaci da nije bio I preduslov. Kad vec govoris drugima da procitaju nesto onda I ti uradi isto, pisbno obrati paznju koliko su imali poteskoca da speovedu to.

      Na kraju, LH nems potrebu da daje pare svojim cerkama kada su one zapravo profitabilne.

      No.dobro, najlakse je vredjati druge.

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  35. Ajde nemoj da si na kraj srca, pa valjda prvo mora poneki slot na Hitrou da prodaju, tek onda sledi bankrot :)

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  36. Ako su avioni A319 na lizing zasto se ne mogu jednostavno vratiti kompaniji za lizing? Naravno postoje neki penali ali sve je bolje nego da stoje neuposljeni. Od "butike" i ponosa Srbije ne ostade nista, izgleda da su oni stvarno pukli!?! Jedini + je sto ce AV moci da se slika na aerodromu BEG i da ima u pozadini 21 rep aviona...

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    1. Kad bi svinje letele...

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  37. Dane should quit, his incompetence is killing the airline. Anyone else would be better.

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    1. We send you Kucko if you like. For free.

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    2. LOL!!!!!! Amazing comment Danijel! xD Definitely made me lol

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    3. Imagine all the slots he could sell ?? Gosh, he wouldn't know what to do with himself ! So much that he could sell off

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  38. I love this title 'consolidating winter operations"...it feels like they have hundreds of daily flight so they need to consolidate them. Great airline subject to expansion (oops meant consolidation)

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  39. I guess you are all being very harsh towards JU's decision. During the winter season, this continent becomes colder, people stay indoors, nobody wants to feel cold or get wet.
    What's wrong in cutting frequencies and stopping unprofitable routes?
    Yes, they quit KBP, WAW, VAR, AUH, IST but least they tried.
    On the other hand, if the mother company is in deep trouble, then the kids will inturn be too.
    I still think the old JAT with the 3 dots we all loved was much structural compared to the current new, fashionable Air Serbia.
    If JU closes one day, the gap will immediately be filled with the vultures like FR, W6, LH, etc.
    Remember MA? They went bust in February 2012 and just look at BUD today. Do we need another MA wannabe? No thanks!

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    1. Seems like other airlines can cut routes and lease out aircraft and it is a "smart" move - when JU does it, the end is near

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    2. What other airline cuts as much as JU while leasing out 30% of its jet fleet?

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    3. Dude, if you can't figure it out in your head, use a calculator... 1 aircraft out of a total of 15 jet aircraft is way less than 30% .. just to save you the trouble, it works out at less than 7%.

      Try maybe changing the batteries ...

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    4. What other airline cuts as much as JU while leasing out 30% of its jet fleet?

      Why, is 30% some cutoff limit where it is okay for an airline to cut lines? Wizzair reduced some Tuzla flights and no one said "Wizz in downward spiral, going bankrupt next year" because of that. I guess no one is paying people to attack Wizz here.

      It doesn't matter much if Air Serbia reduces winter flights, leases out planes or keeps them parked. Airlines lose money in the winter, it just depends how much and how to minimize the effect. What really matters is how much they are growing and making money in the summer.

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    5. JU isn't growing in general, even the addition of Venice came at the expense of ZAG and LJU.
      Let's not forget that they initially tried to lease out three planes but now it seems only one will go.

      They are trying to build a hub while they keep on massacring their connectivity. Maybe it's time to get serious and to decide what airline they actually want to be.

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  40. Svaki put se pomene gubitak koji pravi JFK. Neke cifre se pominju, ali bez nekog obrazlozenja, osim ako nemaju direktan uvid u cifre.

    Evo ga moj pokusaj da konstruisem P/L. Nisam iz struke, tako da su komentari i ispravke dobrodosle, narocito u vezi ostalih troskova (posada, aerodromi, preleti, ketering, itd)

    LIZING: EUR 6.8m godisnje (EUR 570k ili $625k mesecno)

    Gledajuci 2016 izvestaj operativni lizing aviona do 1 godinu je porastao ~RSD 560m, a ako je A332 uzet u maju (8 meseci), to izadje na RSD 70m mesecno. Prosecan kurs je bio prosle godine EUR/RSD 123.

    GORIVO: EUR 9.1m

    (u proseku 3.5 rotacije nedeljno x 52 nedelje x 18.5 sati x 6000 kg/hr x EUR 0.45/kg

    PRIHODI - EUR 12.9m (3.5 rotacije x 52 nedelje x 254 sedista x 70% popunjenost x eur 400 prosecna karta)

    OSTALI TROSKOVI : ?

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    1. 400 EUR prosečna karta? Prosečna karta je bar 550 EUR, ako nije i celih 600.

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    2. Hvala. Gledam koliko zapravo JU dobije od karata, neto od taksi. Takse su ~EUR 75.

      JFK take-off EUR 555k godisnje

      ($6.11 x 533.5k lbs MTOW + $100) x 182 rotacije /1.1 EUR/USD

      BEG avio usluge eur 334k

      [182 rotacije x ( Eur 2610 prihvat & Infrast x 37% + 242t MTOW x eur 7.7 po sletanju x 25%) + 242t x eur 2 za parking x 3.5 dana x 52 nedelje] x 1.2 PDV x 80% (popust na fakturu)

      Delete
  41. Posade
    Aerodromske takse u JFK
    Aerodromske takse u BEG
    Eurocontrol, USA control
    Održavanje aviona i dijelovi
    Osiguranje
    Izvanredne situacije (prošle godine jedan povratni let je otkazan, a nekoliko ih je kasnilo)
    Troškovi izadvanja karata, agencijske provizije
    Propaganda

    ReplyDelete
  42. Ok guys some real facts! 2 Boeings are permanently retired the other 2 are kept just till over Christmas. 10 ATR are beeing wetleased to Kazakhstan. Air serbias CEO has been told to step down and that is probably on the the table right now as China is concidering buying the whole thing as they want to build a central cargo hub.and since sir serbia has been bleeding money etihad has had enough of the numbers that are not adding Up you could call it corruption . But there is more Qatar has also expressed intress since the central hub is what they need now when the borders around them are almost closed.to be continued ������

    ReplyDelete

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