Good result and new aircraft order for
Montenegro Airlines

In the first 8 months of 2008 Montenegro Airlines (MGX) transported 345.000 passengers which is a 7% improvement compared to last year. The airline’s management expects that this year it will transport half a million passenger. Yesterday Montenegro Airlines also transported its third millionth passenger since operation began in 1994. The lucky passenger, Tatjana Marinović, purchased a ticket from Podgorica to Belgrade and gained a special present ticket for two people from Podgorica to Paris. The management of the airline states that it had problems this summer with operations due to the high price of fuel. A total of 10.8 million Euros was spent on fuel. The expenditure for fuel makes up 43% of all funds spent. The total number of flights in the first 8 months was increased by 17%, thanks to new lines to Paris, Moscow and London. The overall cabin occupancy rate rose by 2% to 68%.

The Montenegro Airlines board as well as the government are holding talks about a possible purchase of another Embraer 195 jet. Talks should conclude next week and a new order is imminent. This would mean that during the 2009 summer season Montenegro Airlines will have three Embraer aircraft in its fleet, with one already in operation and a second one arriving in May next year. Therefore the MGX fleet would consist of 3 Embraer aircraft and 5 Fokker 100’s.