No Jat Airways privatisation

Jat Airways will not be privatised, instead the Serbian government will invest a large sum of money in order to restructure and modernise the company as announced the Serbian ministry of economics. The ministry blames the current global economic and airline crisis for the failure of the privatisation tender. The first step now is a meeting between the Serbian Prime Minister Mirko Cvetković and the directors of Jat Airways. They will have to agree on how to restructure Jat in order for costs to decrease and efficiency to increase. Jat’s management and unions are expecting restructuring, a decrease in the number of employees and the company’s modernisation. The Serbian Government will remain the sole owner of Jat.
We will keep you updated.