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| Public to foot bill for Jat Airways debt |
Over a year after Serbia’s national carrier Jat Airways was transformed into Air Serbia, the Serbian government is seeking parliamentary approval to take over and repay debt amassed by Jat over the years. Under the agreement signed between the Serbian government and Etihad Airways for the latter’s minority takeover of Jat, the government has to provide 33.5 million euros in cash payments and a further 32 million to cover debt towards local companies, 80% of which are state owned. However, according to the draft bill, the obligations now total a whopping 155.3 million euros. The debt, which will ultimately be reimbursed by Serbian taxpayers, is owed to Belgrade Airport, maintenance company Jat Tehnika, the Directorate of Civil Aviation, the Serbia and Montenegro Air Traffic Services Agency, the Petroleum Industry of Serbia and several state owned banks.
According to the draft bill, the government will make part of the payments directly to Air Serbia, since the airline has already covered outstanding debt owed towards several local companies. The agreement signed between Etihad Airways and the Serbian government has been criticised over the state’s obligation to take over all of Jat’s debts. However, defending the move, the Serbian Prime Minister, Aleksandar Vučić, has said, “Have we not taken these measures, Jat would have been shut down, which would have caused economic and social problems”. The proposed bill is being urgently ushered into parliament, meaning lawmakers will debate the proposed legislation during the next sitting of parliament.
During its last year of operation, Jat Airways, for the first ten months of 2013, and Air Serbia, for the last two months of the same year, recorded a loss of 73 million euros. The Serbian carrier accumulated an operational loss of 45 million euros during 2013, while the remaining 28 million came as a result of errors made in previous financial reports. In an earlier statement, Air Serbia’s CEO, Dane Kondić, said, “We now turn to the future and thanks to our partnership with Etihad Airways and the strong support from the Serbian government, Air Serbia now has a strategy for recovery as well as the foundations for creating a profitable and strong company”. In line with earlier reports, Air Serbia expects to end the year with a profit of at least one million euros. Full financial results will be made public in May 2015.
Comments
INN-NS
16 milijuna = otpremnine za višak zaposlenih u Jatu platila Srbija
0,5 miliijuna = otpremnine za višak zaposlenih u Jat Cateringu
23 milijuna = postupak restrukturiranja (objavila podatak i preuzela vlada)
43 milijuna = postupak premošćivanja gubitka (objavila podatak i preuzela vlada iako nikom nije jasno što je to zapravo)
73 milijuna = enorman minus koji je nekim čudom nastao tijekom 2013. i preuzela ga je Srbija
14 milijuna = direktne subvencije u 2014.
7 milijuna = otpisao BEG u prvoj polovici godine
7 milijuna = plača CEO i senior managementa u 2014 temeljem ugovora Etihada i Srbije
= znači do sada 451 milijun EUR
+ 25 milijuna subvencija Srbije u 2015.
+ 25 milijuna subvencija Srbije u 2016.
= preko 500 milijuna
+ bog te pitaj hoće li BEG otpisati još koji milijun kao što je to učinio u prvoj polovici godine
+ Srbija je unijela vrijednost zrakoplova, slotova, uredskih prostora, hangar, ostale imovine…
+ odricanje svih prihoda od kerozina kod NIS-a (ovime se daje privilegirana cijena Air Serbiji spram ostalih prijevoznika u BEG, ali i država se odriče enormno visokog prihoda)
+ veliki popusti na BEG i ne plačanje dobrog dijela troškova na BEG (i opet će to netko morati snositi da bi BEG mogao funkcionirati)
+ Etihadu se plačaju leasing aviona
+ Etihadu se plača školovanje posada, i bog te pitaj što još i po kojoj cijeni
+ tko zna koliko nakon 2016. poglavito radi uvođenja širokotrupaca.
Rodney, Airports & Aircrafts. Kraljevo /// Sydney.
This February Austrian had a fare for €481 on their website but it was €239 via Lufthansa's one.
Air Serbia was €231... fail. At least with Austrian you get to fly on a jet or a Q400.
+ Etihadu se plačaju leasing aviona
+ Etihadu se plača školovanje posada, i bog te pitaj što još i po kojoj cijeni
Ili uloziti nesto i napraviti nesto sto ce na duge staze imati vrednost.
And what will happen once ASL fuel and handling privilegies? More expensive tickets and drop in number of pax? And millions of euros for mediocre company?
I da, Air Serbia plaća leasing Etihadu, a platila je i školovanje Etihadu u Abu Dhabiu, te Air Berlinu (Etihadovoj firmi) u Njemačkoj (kao i preuzeđenja aviona). Obzirom na iskustva sa plaćama top managementa koji uopće nisu definirani nego navedeni kao "pošteni", te hitnost školovanja i nabavke ti troškovi niti su mali, niti su na razini tržišnih cijena, nego vrlo vjerovatno daleko iznad. Zato i jesto to tu dodatno napisano, a ne kao dio investicija koje se gore spominju.
While nobody is happy about that much money paid by taxpayers, what would be alternative? That is the price paid for incompetent, politically appointed previous managements of Jat Airways. I would love to see the investigation of the dealings of all Jat's CEO's from 2000 onwards, most of them deserved to spend some time behind the bars for negligence and mismanagement.
But that's up to the courts.
So in order to sell such a loss making airline for decades, you would have to sacrifice something (a lot of money in this case). But we would continue to pay that money anyway shall Jat continued to exist in previous form and make losses.
At least that has stopped, and Air Serbia is on the way to start making profit soon.
As of some comments from our friends from Croatia, prepare yourself to take the very same steps if you want to sell OU to anyone, and if you find the interested investor because they will request the clear sheets, and some creative accounting popular across our entire region will not be allowed.
Great day to anyone!
INN-NS
Evo neki dan se tu vodila rasprava. Kako će to da utiće na nas? Mislim krediti, pa letovi za Moskvu, pa ruski kapital, pa Rusi kao jedna od 3 najveće turisičke nacije u Srbiji, pa NIS i kerozin za Er Srbiju...?
Even though I like the Atr, it's much noisier and less comfortable than the Fokkers. One would expect JU to be cheaper.
Najpre nam poturaš da je (158+16+0,5+23+43+73+14+7+7) = 451. U stvarnosti to iznosi 341 milijun, fulao si tek za nekih 110 milijuna.
Potom to sve prezentiraš kao iznose u EUR iako je večina službenih brojki bila objavljena u USD.
Ali ono najgore od svega - i to si več ko zna koji puta učinio - je da si iste vrste troškova ponovio po dva ili tri puta kako bi napuhao svoj proračun na neke silne stotine milijuna i potom im još dodao 110 milijuna kao bonus.
Za tvoju obavijest, gubitak od 70 milijuna u 2013-oj (koji ti nazivaš nekakvim "čudom") obuhvača onih 23 milijuna iz restrukturiranja i 43 milijuna premoščenih gubitaka. Dakle, 67 milijuna si namjerno udvostručio.
Dalje, 14 milijuna direktnih subvencija ne postoje. ASL ne dobija nikakvu živu lovu od države več dobija oproste na aerodromu i na into-plane diferencijalu kod NIS. Buduči da si te oproste naveo zasebno, ovih si 14 milijuna jednostavno izmislio.
Leasing ZRAKOPLOVA (a ne aviona), školovanje posada i plače senior managementa plača ASL iz svojeg tekučeg poslovanja. Ništa od toga ne plača država tako da tu imamo još 7 milijuna koje si izmislio a potom im dodavao neke buduče stavke koje su potpuno besmislene.
Kada podvučemo crtu, tvojih 451 milijun prvo postaju 341 jer ne umiješ računati. Potom se tih 341 umanjuje za još 87 milijuna koje si izmislio ili navodio po 2-3 puta u svom proračunu kako bi napuhao brojke do neke razine koja bi zazvučala poput kakve senzacije.
Tako nam ostaje 254 milijuna od kojih se 174 odnosi na čiščenje dugova Jata koji su svakako morali jednom biti očiščeni, potpuno nevezano uz Etihad.
Na kraju vidimo da se iz tvog čitavog proračuna na potporu ASL odnosi 80 milijuna (73 milijuna gubitka u 2013-oj i 7 milijuna otpisa na BEG u 2014-oj). Pri tome se gubitak iz 2013-te odnosi na ASL samo u posljednjem kvartalu dok se u prva tri kvartala odnosi na Jat.
Tvoj proračun je hrpa laži koju si več ranije prosipao ovdje i trebalo bi te biti sram zbog toga.
ASL je iznajmljivala (po komercijalnoj ceni) pilote od Air Berlina kako bi premostila rupu koja je postojala u periodu obuke njihovih pilota za A319/A320 (koja je, opet, rađena u Berlinu). Takođe im je nedostajalo pilota zbog velikog povećanja operacija. Mislim da još uvek imaju neki mali procenat iznajmljenih pilota ali će vremenom sve popuniti svojim ljudima. Logično je da su iznajmljivali od Air Berlina jer je u pitanju drugi član EY "familije" koji je pri tome rezao troškove i verovatno imao višak pilota.
Dakle, nije nikakav skandal nego je potpuno normalna stvar što su u jednom periodu letele iznajmljene posade. Onaj ko od toga pravi skandal je zlonameran ili glup, ali ništa pametniji nije onaj ko mu na to vrišti kako nikakvog iznajmljivanja nije bilo. Pre nego što kreneš da "braniš" ASL, raspitaj se malo o stvarima koje ti striko i Dodik možda nisu ispričali.
Letovi sa JU su dobri za njihova presedanja ali OS je vise gasterbajter-friendly sa onim letovima oko 15.00 i 18.00. Kao što je ovde već spomenuto, JU letovi sa Erbasom ili Boingom nemaju više od 60 putnika što je katastrofalno.
Pozz iz Beograda
= manja kupovna moć Rusa = manje će Rusa da leti i u turizam = nije dobro za nas
= slaba Rublja = problem sa investicijama i sadasnjim kapitalnim investicijama = NIS i druge ruske investicije u Srbiji u problemima
= preskupa nafta koja se ne isplati da se vadi = manje ruske nafte = NIS u problemima
= kreditna linija staje = što ako će opet da zatreba za penzije i plate, odakle?
A Europa i Amerika pamte. Pamte tko nije stao iza njih u Ukrajni, gdje se Putin šepurio na vojnoj paradi, kako se nije htelo da se podrže sankcije...
https://sr-rs.facebook.com/beg.aero/photos/pcb.904706436229964/904706372896637/?type=1
https://sr-rs.facebook.com/beg.aero/photos/pcb.904706436229964/904706412896633/?type=1
1. The accumulated debt of JAT would have had to have been paid, irrespective of any strategic investment in the airline. If it had of gone into bankruptcy, the taxpayer would have had to pay this debt - so the taxpayer is no worse off.
2. If it had of gone into bankruptcy, 2000 people would've gone into unemployment.
3. it didn't and now people are still employed, new people are being employed and everyone is paying taxes and contributing to the state bgt
4. The airport has doubled the number of people passing through it and the value of the airport for any future privatization has more than doubled
5. As for the leasing of aircraft, all 10 airbus have been leased through BBAM and CIT - NOT Etihad. A simple check with either of these 2 lessors will confirm this.
6. Etihad's entry into JAT ensured that the USD23.8m deposit paid by the old Yugoslav govt to Airbus in 1998 has been rescued and offset against the purchase of new NEO aircraft. Most importantly, it also ensured that Airbus did not pursue a USD500m lawsuit against the govt of Serbia for breach of contract after they did not go forward with their purchase of aircraft.
7. All training of pilots was done by airberlin at commercial rates - not at some inflated rates.
It obviously suits some out there to continue with this misinformation.
to add: it's clear who is placing misinformation.
and 6. So Serbia could for same amount of money buy those planes and than sell it to someone, or sell and lease back tham. Or get deal to buy ATR's or something else. No, need for Etihad to be involved. And for sure that is not reason to get into that huge investment, much bigger rhan those 28 millions of deposit or some other millions as fee (and for sure it is not half of billion, what is much more than 6 planse price is)
Sav taj novac tih Bugara, Grka, Rumuna, Albanaca itd. koji su dali pare za kartu id Air Serbiji, to jest Srbiji. Moras nesto da das da bi nesto dobio. Setimo se kakvo je TK bio s*anje pre samo 15-tak godina, i sta je danas. Smucili ste mi se vi i vase pateticno kukanje o tome kako vi morate da dajete novac od svoje plate kako bi drzava vratila dug. Ali da mi se smucilo. Onda bi sad rekao:"Zasto bi mi davali kad politicari kradu". Sami ste izabrali te politicare koji su na vlasti da budu na vlasti, pa samo kukajte i prebacujte drugima, to je oduvek bila najlaksa opcija. To sto je Srbija zemlja sa najmanjom prosecnom platim u Evropi znaci da ne treba da ima nacionalnog avioprevoznika? Znaci da ne treba da ulaze u nesto da bi to sutra bilo isplativo? Znaci da samo treba da sedimo i cekamo da nam zemlja skroz propadne pa da krivimo politicare i ko zna koga? Znaci da treba da cekamo da se desi cudo, da ocekujemo vece plate a da nista ne preduzmemo/zrtvujemo za to? Ma mnogo smo mi Srbi gospoda, svi bi vece plate a ne bi da daju 20-tak evra od svoje trenutne pa da se skupi novac, vrati j*beni dug, pa da imamo nesto prfitabilno i isplativo u drzavi. A ti sedi za kompjuterom, pisi ovakve komentare i kukaj sto imas platu od 250 evra. To svako moze ;)
Uradi nesto u zivotu umesto sto serem po blogu o avijaciji, jer se u pomenutu ocigledno ne razumes ni malo.
A idi kukaj tako na b92.net ili kurur.rs u komentarima, ljudi su tamo dosta famozni po pateticnim komentarima. Cao.
OMG here we go again, zombie h8trs are back. All of this has been rectified before, so let’s protect our brains from hungry zombies once again:
1. “if that would be not enough…” LOL tiny word “if” proves you have no idea you are talking about. Rewind 12 to 18 months and see how almost penniless old JAT was during its deathbed days. There is no IF!
And then you continue “…it would be not paid”. WTF?!?! This is NOT how it works! Do you have any idea about financial guarantees?!? GoS would be left holding the bag!!! This alone proves you have no business discussing this topic! But you want to be humiliated all the way, so be it:
2. WTF how could have (in case of a bankruptcy) JAT pilots just step out from 733, casually walk over to Wizzair and get A320 job?!? Do you have ANY idea many had a hard time switching to Airbus even though extensive paid training was provided to them?!?!
3. This is an airline blog, we are not going to dissect every other topics.
4. What?!?! Totally wrong, privatization is possible! New owner does not have to give any discounts, contractually that would be GoS to take care of! Just bake it into a contract, what’s the big deal? And WTF do you mean “Serbia does not have the money to pay for that”?!? Well they just took responsibility for that.
5 & 6. What A6 registrations?!?! Air Serbia does not have any A6 registered planes, you have been asleep for a looong time. Look at the links you provided to tell you the current state. And what’s your problem with maintenance in AUH? That’s C check, other stuff is done in BEG. Do you even care to think about C and D check capabilities, or even how many EU and US carriers outsource similar jobs to low cost MRO’s around the world? Didn’t think so.
7. You have a hard time separating “pilot” from “cabin crew” or “management” training. What was done by AB and what by EY? You have no idea, don’t you?
There...feels good to take out another zombie h8tr...
Gde sam ja naveo da nisu od AB ?
A i neznam sto je Purger to gore pisao kad on nece ni jedan Euro dati iz svog dzepa drzavi Srbiji koja ce to iskoristiti za ASL kad je on drzavljanin HR.
INN-NS
Ko si dasi dosdio si.
Isto i ja tako kazem CTN nece naci kupca i to je istina.
INN-NS
Second, your ''facts'' are wrong...
A6-SAA, now YU-API is leased directly from BBAM. The period you are talking about was the interim solution until JU pilots were trained to operate YU registered aircraft. It is the same case with ex-SAB - now YU-APJ.
This is an aviation blog, not a political tabloid, give it a rest and vent your frustrations elsewhere and lets the rest of us enjoy aviation in its glory.
http://www.planespotters.net/Production_List/Airbus/A319/1140,YU-API-Air-Serbia.php
http://www.planespotters.net/Production_List/Airbus/A319/1159,YU-APJ-Air-Serbia.php
INN-NS
http://exyuaviation.blogspot.com/p/blog-page_38.html
http://exyuaviation.blogspot.com/2014/11/montenegro-airlines-to-expand-network.html
http://www.bbam.com/client-list
INN-NS
A sto je vec i receno, pre Nikija, karte su bile oko 250€+, sa Nikijom 9.500 din, a sada...strasno.
-B727-200 9x
-B737-300 9x
-DC9-32 15x
-DC10-30 4-5x (2 svoja)
-ATR42-200 3x (lease?)
Sve u svemu oko 40 aviona...
Bilo je i par izuzetaka (u najmu) kao:
RomBAC1-11 (Tarom)
DC10-30 OO-SLA (Sabena)
L1011 Tristar (Royal Jordanian)
...
Pre toga je bilo i par B707-300, zadnji (YU-AGI) je otišao u penziju u to doba pa njih ne računam. Karavele su penzoinisane još ranije.
As for the return (JU801), the organisation in AUH doesnt seem the best, 1 flight I did, the flight was fully boarded 25 minutes before STD but a delay from EY ground staff delivering flight documents resulted in doors being closed 10 minutes after STD. Add pushback, taxi time and hold at the runway, we landed 15 minutes behind STA in BEG. My next flight (JU801) was delayed as the computers were slow to respond during the boarding process for a full flight, making the boarding longer to complete. Neither did I find it impressive the Arab guy (prob Egyptian) asking his colleague (who was probably Indian) if he spoke 'that' language (Serbian). In question was if a wheelchair bound pax who didnt speak english was able to climb stairs as like always the ac in AUH is always on remote stand, which as well took a few minutes on it self to accomodate.
Oh and the security screening in AUH is a horribly frustrating experience to put it nicely. No sense of urgency to accomodate pax on tight connections to fast track the security line (which was for flights which had already started boarding - my case with 5 others bound for BEG), resulting in arguing with staff. I am yet to have an AUH flight that departed or landed in BEG on its scheduled time. Nothing over 30 minutes, but 12:15 is 12:15, not 12:30, not 12:20, not 12:35, but 12:15.
JU crew onboard and airside do a great job, are friendly and know their job. Land side (ie check in)...it makes me miss the old Jat staff!
Reminds me of Qatar, 5 stars in the air, 2 stars on the ground.
Thanks for your detailed comment.
http://exyuaviation.blogspot.fr/2014/11/croatian-airports-record-october-growth.html?m=0#comment-form
Furthermore, new seasonal summer flights will include Manchester and Lyon next year.