New plane arrivals for Montenegro Airlines

After the successful start of the Tivat to London service last week with its brand new Embraer 195 jet, Montenegro Airlines management is announcing new plane arrivals. A second E195 is expected to arrive in May next year while two additional E195’s are expected to be purchase following the airline’s privatisation. The airline’s CEO Zoran Đurišić said: “An Assembly of our Shareholders is scheduled to take place on 22 July. At this session, Montenegro Airlines would change its’ structure and become a share-holding company. After this, we shall offer 30 percent of shares for sale, while the majority package would remain under the control of the government”. As he said, funds obtained through selling of these shares would be used for the purchase of two additional “Embrearer” planes to add to the two already purchased. Although it was originally planned for services to the UK to originate from Podgorica the airline, together with the government of Montenegro, decided to move the origin to Tivat as this way tourists from the UK could be attracted to Montenegro’s coast. However flights from Podgorica to London will now start in September 2008.