<center>No Jat Airways privatisation</center>

GLOBAL AVIATION NEWS

Condor makes Airbus order

German leisure airline Condor said it would order sixteen Airbus A330neo jets to replace its existing wide-body fleet of Boeing 767 aircraft. "The first aircraft is expected in autumn 2022, whilst the replacement of the entire long-haul fleet is scheduled to be completed by mid-2024. As the German launch customer for the Airbus A330neo, Condor is thus focusing on latest technology, maximum efficiency and the highest level of customer comfort", Condor said. It did not say how it would acquire the planes but market sources said it was expected to buy an unspecified number from Airbus with the rest to be rented from leasing companies. The deal comes a day after EU regulators approved 525.3-million euros in German aid for Condor that will help the airline restructure after an earlier decision was annulled by a European court. It follows a competition between Airbus and Boeing to provide the A330neo or Boeing 787 to Condor, the sources said. Condor has a mixed fleet of planes from both planemakers but relies solely on its ageing 767s for long-haul needs. The A330neo is an upgraded version of the A330 passenger plane with recent Rolls-Royce RR.L engines. It competes with the newer but more expensive Boeing 787 Dreamliner. Sources said the deal will provide a home for undelivered A330neo jets originally earmarked for Indonesia's Garuda or Malaysia’s AirAsia. Both carriers are debt-strapped and their finances have worsened during the pandemic, raising doubts over A330neo deliveries. Airbus is also in talks to replace Boeing jets at another European leisure carrier, British airline and holiday group Jet2. If confirmed, the deal could involve the purchase of around 50 Airbus jets, worth some $5 billion before industry discounts of at least 50%. But while Airbus is seen as a front-runner, talks between Jet2 and suppliers are said to be ongoing.
Source: Reuters

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.

Search This Site

No Jat Airways privatisation

Comments

Post a Comment