Air Serbia to collect share from $500m transaction


Air Serbia will receive a share of the US $500 million raised on international markets by Etihad Airways, its airport services business, the Serbian carrier itself and four other Etihad partner airlines (Air Berlin, Air Seychelles, Alitalia, and Jet Airways). It marks the second platform financing transaction, following the success of last year’s bond which raised $700 million. The funds raised by the transaction will be used for capital expenditure, purchasing new aircraft and refinancing debt, depending on each individual airline’s needs. Last year, Etihad Airways, Etihad Airport Services, Air Berlin and Alitalia each received almost 20% of the funds. A further 16% was given to Jet Airways, while the remainder was divided between Air Serbia and Air Seychelles. The exact share each carrier will receive this time around has not been specified.

The additional funds for Air Serbia come in the lead up to the airline's launch of transatlantic flights. Furthermore, the carrier recently finalised the operating lease of an Airbus A330-200 from Jet Airways and Etihad Airways (as the sub-lessee), with the partaking of foreign export credit agencies and banks that provided financing for the lease which is said to be on a five-year term. Air Serbia recorded a net profit of 3.9 million euros and 305 million euros worth of revenue in 2015. The carrier's CEO, Dane Kondić, recently said, "Our strategy in 2016 is to strengthen the network further by taking advantage of Belgrade’s position as the gateway to the Balkans and capturing regional traffic flows to the United States".

Commenting on the latest transaction, James Hogan, President and CEO of Etihad Aviation Group, said, “With this second successful transaction, the international financial markets have continued to show their belief in the Etihad Airways Partners story". He added, "Our equity partner strategy is creating a total which is greater than the sum of its parts, a grouping which can work together to improve revenues, reduce costs and uncover exciting new business synergies. This transaction shows the strength of that grouping, as well as the strength of the individual members. This second tranche of combined fund-raising is part of our long term capital strategy".

Comments

  1. Anonymous09:03

    A good example of the benefits of Jat's privatisation. Hope some of this will be invested in the fleet.

    ReplyDelete
  2. Anonymous09:05

    Good now they can pay for the A330 for a couple of months :D

    ReplyDelete
    Replies
    1. Anonymous10:51

      How much does the A330 lease cost? On a monthly basis?

      Delete
    2. $500,000 Euros

      Delete
  3. Anonymous09:07

    So what can we expect them to use this cash for?

    ReplyDelete
    Replies
    1. Anonymous09:10

      In my opinion they will get some 10 million which should cover A330 lease for a year.

      Delete
    2. Anonymous11:04

      If they again receive 4%, that is actually 20 millions.

      Delete
    3. Anonymous11:15

      10 million a year is the A330 lease rate?
      Sounds EXTREMELY expensive ans way above the market rate to me.

      Delete
    4. Anonymous11:17

      Apparently it's 500,000 EUR per month but the airline has never confirmed this.

      Delete
    5. Anonymous12:30

      4% is to be split between Air Serbia and Seychelles, so it is about 2%.

      Most of that money anyhow goes to leasing to Etihad, education etc., so it is not that Air Serbia will get this money to account.

      0,5 million per month should be normal price, but god knows how much we pay for that and other planes. Concerning things we know how much we pay to Etihad, Air Berlin and Alitalia, we pay more than market price.

      Delete
    6. Anonymous12:32

      Do you have any proof to back that up?

      Delete
    7. JATBEGMEL12:38

      Average market rate for a A330 is around USD$500.000

      Delete
    8. Anonymous12:52

      Not for 10 year old A330-200 is not.

      Delete
    9. JATBEGMEL13:04

      YU-ARA is 8 years old.

      Delete
    10. Anonymous13:39

      And for haw many years it has been leased?
      What would be its average age during this lease contract?

      Delete
    11. Anonymous13:41

      Try reading the article

      "which is said to be on a five-year term"

      Delete
    12. Anonymous13:54

      So over the life of this contract the aircraft's average age will be higher than 10 years old.
      Thank you for proving my point Anon 1:41 PM!
      Air Serbia is paying a lot more money for leasing this A330-200 from EY group than market price.
      Plus Air Serbia will have to pay for the D-check.
      I don't know but is sounds like colonial terms to me where the colonies were forced to buy products only from the colonial powers.

      Delete
    13. Anonymous14:23

      @Plane mad
      Anonymous said...
      People there is no "alliance" or anything like that as you keep on writing.
      There is the ETIHAD group of companies.
      ETIHAD management decides what the subsidiary airlines will do.
      If EY wants ASL or any other airline to help one of the struggling members like Jet by leasing surplus aircraft at expensive lease rates it can do it and it does.
      This is because it is not alliance of airlines but subsidiaries of Etihad.

      Delete
    14. Anonymous14:39

      Anonymous 2:23 PM
      +1
      The purpose of the EY group is to maximize return on investment by the EY owners, the Abu Dhabi emirate.
      Not to make the best decisions fro the individual airlines.

      Delete
    15. Anonymous14:51

      Anon 1:54,

      You do not know how much ASL pays for this bird. It could be that they pay more to help Jet. Or it could be that they pay less so that Jet helps them.

      Bottomline is, even if they got it for free you would have found a way to spin it so that you can share your daily dose of hate with us.

      Delete
    16. Anonymous15:18

      Anon 2:51,

      You do know that ASL pays very high ease rates for this bird. It could be that they pay more to help Jet. Or it could be that they pay more so that EY recoups quickly its investment.

      Bottomline is, even if they paid 1 million Euros a month for it you would have found a way to spin it as something positive so that you can share your daily chearleading routine with us.

      Delete
    17. Anonymous15:31

      Neither of us knows the amount. What we do know is that you are not just an obsessed hater but also a very bad copycat.

      Delete
    18. Anonymous16:05

      Cena je sasvim normalna samo se nasla nova tema za pricu 0.400 do 0.700 Mil usd .
      INN-NS

      Delete
    19. Anonymous16:05

      Mali is president of board, and he said it is 0,5 million EUR per month. So, we should believe that.

      Delete
    20. Anonymous16:07

      Yet when he mentions JU's profits you are the first to question it, say he is a politician and knows nothing. LOL.

      Delete
  4. Anonymous09:10

    Call me a hater or sceptic, but I am not really supportive of the current Etihad Group model. Air Berlin saw no benefit, Etihad Regional was a joke, Jet Airways and we will see how Alitalia will cope with the latter not to mention Air Serbia. I hope I am wrong of course. You can't just build hubs in Berlin, Rome and Belgrade - connecting them to Abu Dhabi and try to make something out of this. There is no clear strategy of the group such as Qatar, Emirates, etc. They just do code-sharing, have no determined fleet, no common goal. Just chaotic. Yeah, if I want to fly SKP-SYD I have to do SKP-BEG-AUH-SYD or SKP-BEG-AUH-SEZ. Not to mention WAW-BER-AUH-MRU with Air Berlin.

    ReplyDelete
    Replies
    1. Anonymous09:39

      Air Berlin will fail, no doubt about that. This will put even greater pressure on JU and AZ to pull their act together. That said, it makes you wonder what the financial situation is at JU if they needed this cash injection to keep on investing in their business.

      Interesting that this money comes at a time when JU has to start paying their dues at BEG.

      Delete
    2. Anonymous09:41

      The fact that they receive the least from the entire group could give you a good indication that their finances are in best shape in the group.

      Delete
    3. Anonymous09:45

      Or maybe they are getting the least because they are the second smallest airline there?

      Delete
    4. Anonymous11:17

      Anon 9.10 But, but, but... If you want to fly from TGD or SKP or SJJ or ZAG or LJU (or any non-major city in Europe) with Lufthansa or KLM or Austrian or Air France or British or even Turkish, you would need to change your aircraft at least twice JUST AS with AirSerbia/Etihad. I don't get your point.

      Delete
    5. Anonymous12:36

      That is not true. For most destinations from those cities you can do one stop in FRA, MUC, ZRH, even for some in BRU and VIE. Especially that in Lufthansa group you can do combination like

      ZAG-FRA-SIN-MUC-ZAG or ZAG-ZRH-HKG-VIE-ZAG.

      Delete
    6. Zanimljivi i smješni komentari. Kao prvo ovo nije prvi put da Etihad radi ovaj način doniranja para za potrebe finansiranja svojih članica (pošto vidim komentare kao da su to uradili u vreme kada je AS počela da plaća sve obaveze na tesli), to su isto uradili i prošle godine. Drugo najam 330-200 je urađen u američkim dolarima i to je je suma od 450 000 USD što znači oko 350.000 eura. Znam da ima dosta ljubomore ali to je realnost.

      Delete
    7. Anonymous15:33

      But it is true, Anon. 12.36. You were writing about flight from Skopje to Sidney, and how AirSerbia-Etihad connection is bad, bad, bad. But when I pointed out that there are no direct flights between FRA, MUC, ZRH, or CDG, AMS, LHR, IST (or any other Europan airport) and SYD (and the rest of Australia), you suddenly are traveling to HKG!!! Well if you still want to reach SYD with Star Alliance on any other European carrier from ZAG or from (your original example) SKP, you need to change your aircraft TWICE. So sorry, you are wrong and there is nothing unusual with Air Serbia in that regard.

      Delete
    8. Anonymous15:57

      Okay, so you tell me what Etihad´s main target is? For example QR and EK have an extensive network of West to East and vice versa. TK is expanding in more countries. Etihad is just focusing on buying smaller airlines and code-sharing but with no solid grounds or strategy behind it. Also what´s the point in investing on a A330 for JU when they can get 2-3 regional jets - this is what the region needs, not flights to America where this market is already overwhelmingly oversaturated.

      Delete
    9. Anonymous16:08

      SYD is just one destination. There are several hundreds more that can be connected to east. We should not be concentrate on one. And, for sake of good, why do you think I am the same person as one from SKP. I am not from Macedonia at all.

      Hot Line, you want to say that Mr. Mali is lying? He said several times that lease is 500.000 EUR per month.

      Delete
    10. Anonymous16:13

      Hot Line, Etihad ništa ne DONIRA, nego daje kredit koji će morat da se vrati. Za sada oko 20 miliona EUR. Malo li je?

      Pa ti za dve godine nemoj da potpišeš ugovor prema kondicijama Etihada pa da vidiš kad krene vračanje para

      40 miliona "investicije"
      20 miliona kredita
      lizing 10 A320neo

      Delete
    11. Anonymous16:24

      To su ulaganja Etihada, ne krediti. Etihad je suvlasnik, ne kreditor. Ukoliko je nezadovoljan, Etihad može da proda svoj udeo, ne može da traži vraćanje para. Mislim da se tih 10 A320neo ne uzima u lizing, već da će oni postati vlasništvo Air Serbie, isto kao što Croatia Airlines kupuje 4 A320neo.

      Delete
    12. Anonymous17:00

      Ovih 10 A320neo ide u leasing (vlasništvo su Etihada, a ne Air Serbie), pa to je već odavno poznato. Vodila se rasprava što je sa parama koje je kao polog imala Srbija.

      20 miliona EUR je kredit, prikupljanje novaca na TRŽIŠTU, nikakva to nisu ulaganja. U ugovoru piše da Ethad može da prekine ugovor kada god poželi i to bez objašnjenja razloga i tada Air Serbia mora da vrati 60 miliona od 100 miliona "investicije". Naravno, tada je i ovih 20 miliona od prošle i ove godine koje treba vratiti.

      Delete
    13. Anonymous17:24

      Jel može neki link za taj lizing 10 erbaseva? I za obavezu da se vlasniku vraćaju ulaganja? Za mene su to nove informacije

      Delete
    14. Anonymous18:20

      Pročitajte ugovor, objavljen je na stranici Vladi RS.

      Airbuseve je naručio Etihad u svojoj velikoj narudžbi, a ne Air Serbija. Ugovor je potpisao Etihad, on je uplatio pare.

      Delete
    15. Anonymous18:25

      Na kojoj strani je to?

      Delete
    16. Anonymous18:55

      For people saying how Jet Airways is a joke and that Air Serbia is propping it up, it just reported record profit.

      Delete
    17. JATBEGMEL23:23

      Even if JU does not become the owner of the A320 neos, the EY deal for the aircraft saved Serbian tax payers from a costly legal battle with Airbus over the A319 order. The whole Milosevic deal with Airbus was a mess and over priced. The government 'fixing' the problem made things worse.

      This way, JU will get 10 new generation A320 neo aircraft.

      Delete
  5. Anonymous09:13

    I think most of the money will go to Alitalia and Air Berlin.

    ReplyDelete
    Replies
    1. Anonymous09:18

      It is already there. The text clearly shows that 96% of the funds has been distributed. The remaining 4% equals $20 million and will be divided between Air Serbia and Air Seychelles. If Air Serbia gets half of it, it will be $10 million which is quite nice cash injection for them.

      Delete
    2. Anonymous09:21

      It says the money was divided that way last year but that it hasn't been specified this year.

      Delete
  6. Anonymous09:18

    I hope an A319 will join the fleet this winter so they can keep Hamburg, Kiev and St. Petersburg. I think Warsaw will be cut.

    ReplyDelete
    Replies
    1. Samo potpuno privatizovana Er Srbija ce davati prave rezultate. Ser holders ce kontrolisati svoj ulozeni capital. Nazalost za sada drzava upravlja sa polovinom +1. isplata dividend od strane Etihad group je veoma podsticajno. Daje nadu pune prvatizacije ne samo Nacionalne Kompanije, vec I Beogradskog aerodrome. Pozdrav iz Sidneja. Rod✈

      Delete
    2. Anonymous10:26

      Has EY retired their A319s? When is this planned to happen?

      Delete
    3. Anonymous11:11

      Ni velika americka trojka ne
      bi bila tu bez zastite i para drzave. Nije isplata dividende vec para skupljenih na trzistu novca. To mora da se vrati.

      Delete
    4. Anonymous11:31

      In JU's inflight magazine, Kiev and Hamburg are marked as seasonal destinations in the route network, but St Petersburg is not. It could be a hint.

      Delete
    5. Anonymous12:10

      Radovan EY group is not allowed to buy any more of JU shares.
      So if the state decides to sell it's 50% plus one share who is going to buy it?

      Delete
    6. Mali Marko Lukić12:45

      To je kredit, dakle sve to će morat da se vrati. Pa je to je još jedna metoda ucene. Kako će Air Serbija da vrati tih 20 miliona EUR (dve godine po 10 miliona), kako će da plača lizing 10 A320neo, kako će da vrati 40 miliona "kredita" koji su "investicija" Etihada ako Etihad neće da potpiše novi ugovor 2018. Srbija će morati da pristane na sve što će Etihad da traži.

      Zapravo je prestrašno da Etihad mora da traži kredite da bi cela grupacija opstala. Air Berlin, Alitalia, Jet, Darwin su rupe bez dna.

      Na kraju ovde treba da se pita. Ako je Air Serbiji dato 10 miliona kredita prošle godine, a profit je 4 miliona to znači da je Air Serbija zapravo u minusu 6 miliona. I još kada se doda "investicija" Srbije preko BEG i direktno. Pa ovaj projekt košta daleko više nego Jat.

      I što će da bude kada to sve dođe na naplatu, a pre ili kasnije će da dođe.

      Delete
    7. JATBEGMEL13:01

      @ Mali Marko

      If I remember right, the 'loss' JU made last year was around 18 million euros, when putting in the subsidies it had received.

      Compared to Jat, Air Serbia has 4 times more aircraft flying, many more destinations, frequencies, connectivity, more employed Serbs paying taxes and spending money in Serbia, not to mention that payments are being made on time.

      Serbia is financing it in one way, but JU is directly and indirectly bringing money into Serbia.

      Regarding the A320neo, originally it was to be 8 A319's, for which Serbia had an expensive deal legacy of the Milosevic regime, for which Airbus was going to take Serbia to court for, which Serbia would of lost. Not only would Serbia have to pay for expensive 'older generation' ac it would have to pay legal fees. USD$23.5 million has been payed for the A319's which got transferred over to a new deal made by EY through their purchasing power which gave JU a better deal.

      I'm not saying Air Serbia hasn't cost Serbia, but it is far less than what Jat cost us.

      Delete
    8. Anonymous13:47

      Is the cash flow statement of Air Serbia published?

      Delete
    9. Anonymous15:09

      @ MML,

      Kako če Air Serbija sve to da plača? Gledaj i vidjet češ. Možda če boljeti ali makar češ biti svjedokom.

      Što če biti kada to sve dođe na naplatu? Vidjet čemo. No prije toga, prvi koji se treba suočiti sa naplatom si TI koji trebaš biti zauvijek udaljen sa ovog bloga zbog javnog izrugivanja osobnom identitetu drugog korisnika, protivno njegovoj volji. Takvi se stalkeri u civiliziranom svijetu udaljuju iz civiliziranog društva a njihove se propovijedi ne uzimaju u obzir niti im se dozvoljava iznositi ih.

      Delete
    10. Dragi Anon 12:10PM. Ja nisam napisao da Etihad kupi sve akcije. To nije izvodljivo I zbog Evropske Unije. Zato moze neko ili nekoliko drugih investitora, a koji su po ugovorima I zakonu dozvoleni. Iz E.U, USA, ili... To vreme dolazi. Srbija je bila (a i sada je najvecim delom mentalno) u komunizmu celih 55 godina. Zato to je jedan od glavnih razloga zasto u Srbiji traje ''tranzicija'' vec se blizi 30 godina. ''Da se vlah ne doseti'' odakle se kocnice vuku... Vama svako dobro I prijatan let, ako putujete u toplom letu. Rodney & Optimist Team✈+ Kings Park, Sydney Australia

      Delete
    11. Anonymous16:06

      Opet se krade mojeime za gluposti mogo bi ja vasa imena poceti da pisem.
      INN-NS

      Delete
    12. Anonymous17:37

      @Mali Marko - "najprestrašnije" je meni da vi ovde gubite taj silni talenat da možete da procenite sa sigurnošću, bolje nego ljudi koji su uložili svojih 500 miliona ove i 700 prošle godine, šta će propasti a šta neće. Sa takvim znanjem bolje idite pravo na berzu, najbolje njujoršku. Napravićete ne milione, već milijarde, pošto takvih ljudi tamo još uvek nema. Trebalo je da za novac podelite vaše uvide sa ulagačima i da oduzmete posao i profit kućama koje su savetovale te koji su dali 500 miliona. Mogli ste da im sačuvate taj novac od od po vama suludog ulaganja. Dok još ne krenete da naplaćujete, molim vas za jednu procenu. Od mojih poslendjih 5 putovanja DLH, dva puta su štrajkovali i jednom otkazali štrajk u poslednjem trenutku. Je l' to znak da i oni idu u propast ili su štrajkovi dokaz snage, svetle budućnosti i prekrasnog odnosa prema putnicima?

      Delete
    13. Mali Marko Lukić18:18

      Pa oni su novac dali Etihadu, dakle prebogatom i sigurnom kraljevstvu Abu Dhabiu koji je vlasnik kompanije, ne Air Serbiji ili Republici Srbiji. Bole njih odnos Etihada i Air Serbije. Bole to i Etihad, njima je to kikiriki. Sitan novac za ucenu. No, Srbiji i Air Serbiji svakako nije. I njih se tolikim parama i te kako može da ucenjuje.

      A što se nesigurnih kredita tiče. Kreditori pare daju i visokorizičnim mušterijama. Pa i Srbija i daleko rizičnije stalno dobivaju milijarde od JP Morgana Chase. I rade nas tako dužničkim robljem. Več više od 100 godina. Što je vaš argument ovde? Pa to ja i u ovom slučaju govorim.

      Lufthansa ima potpuno pogrešnu politiku prema radnicima što je rezultat štrajkova. Ne cenim previše LH, posebno u odnosu prema radnicima. A i nisu moj prvi izbor za letove. Kakve to veze ima sa Etihadom ili Air Serbijom.

      Delete
    14. Anonymous22:40

      Opet molim da se moje ime ne koristi za Gluposti pa zato molim Admina da brise ove postove .
      INN-NS

      Delete
    15. Anonymous10:48

      Zašto? Pa niste vi valjda jedini Marko Lukić na čitavom svetu, sa ekskluzivnim pravom i patentom na to ime? Nema potrebe da se brinete i da se javno odričete i perete, jasno je da nije u pitanju ista osoba. Neće vam to odmoći u poslovnoj karijeri ili politici, čime god da se bavite.

      Delete
  7. Anonymous09:37

    '...purchasing new aircraft and refinancing debt...'

    Anyone knows if this is new debt or the one inherited from Jat?

    ReplyDelete
    Replies
    1. Anonymous09:40

      This is a general statement for all Etihad Group members. It is not related to Air Serbia. You should read the rest of the statement - "depending on each individual airline’s needs".

      Delete
  8. Anonymous10:13

    Any additional cash helps I guess. Last time they originally raised USD 500 million but raised another USD 200 million a day later. Maybe the same happens this time around.

    ReplyDelete
  9. Anonymous10:25

    If JU gets a few million, it will be good so that they can pay the bills this winter season and maybe lease an aircraft or two.

    ReplyDelete
  10. Anonymous10:35

    Small OT, a Turkish B777-300 from Istanbul to London has just been diverted to Belgrade.

    ReplyDelete
    Replies
    1. Anonymous10:51

      Suspicious item, emergency landing, TK1979 IST-LHR, aircraft parked far away from terminal building, passengers still on board.

      Delete
    2. Anonymous11:09

      It seems to be a mobile phone

      http://www.exyuaviation.com/2016/05/turkish-diverts-to-belgrade-over.html

      Delete
    3. Anonymous13:08

      Seems like it broke down on its way to the runway.

      Delete
  11. Anonymous10:40

    Good news. Looking forward to see the cabins of the A330 and for the first flight to NY :)

    ReplyDelete
  12. Anonymous11:10

    ExYu Admin, may I suggest, if possible, that you block IP addresses of those who use post commenta against the policy. First strike and out. This way you can make the blog a more civilised place. I'm sure there are only few 'bad apples' to be thrown out, it won't affect the traffic, but will make it a better blog.
    Let's test their resolve to post insulting comments.

    ReplyDelete
    Replies
    1. Anonymous11:25

      Offensive comments should be deleted. There is no need, however, for blocking someone's IP address just because you don't like his or her opinion. Be tolerant please.

      Delete
    2. Anonymous11:35

      Does it make sense to keep deleting comments from the same person over and over again ? I think not.

      Such person should be blocked.

      Delete
    3. Anonymous11:39

      ...and,I said 'against the policy', not against my taste as you interpreted it.
      Please read the comment.

      Delete
  13. Anonymous11:50

    It looks as if Air Serbia's A330 will be named Nikola Tesla.

    ReplyDelete
    Replies
    1. Has to be a living legend not a dead legend

      Delete
    2. Anonymous12:03

      They will make an exception. It is being reported by the media.

      Delete
    3. Anonymous13:06

      I hope that they dropped the idiotic idea to name it after living people. There is a reason why they were the only ones to do it.

      Delete
    4. Valter01:51

      What if they named it Bata Živojinović two weeks ago? That would change the naming policy.

      Delete
  14. JATBEGMEL12:48

    I think this money will be used to push JU this year into profitability, considering there is no more subsidies this year and JFK will be bleeding money for at least 1 year.

    ReplyDelete
    Replies
    1. Anonymous13:05

      But how can they do it? Can they?

      Delete
    2. Anonymous13:46

      you can't push money into profitability

      Delete
    3. Anonymous14:16

      That money does not make you profitable. They can just cover your losses so that you don't go bankrupt since the state is not allowed to subsidize the company.
      To actually be profitable you need your ticket and cargo sales revenues to be higher than your expenses.

      Delete
    4. Anonymous14:56

      Or it can be used to invest in airline's expansion - because expansion always bears costs that often cannot be covered from regular profit.

      I know you lot hate them so bad and dream about their death every single night, but raising some extra cash in the market is really not some kind of genuine conspiracy of ASL's management. It is what companies do, airlines included.

      Delete
    5. Anonymous15:36

      Expansion costs should be in P&L, so the profit should finance these expenses.
      If there are no fleet investments (just leasing expenses) - so for what reason there is need for cash while being profitable for some years now?

      Delete
    6. Anonymous16:46

      Ideally the profit should finance the expansion.

      However, if your profit is lower than the expansion investment then you have other options. You can loan the money from banks and hope to remain profitable after you pay the installments. Or you can raise some money on the capital market under better terms than those offered by the banks. Or, if you have a strategic partner who decides on how the expansion will be financed, you leave the decision to the strategic partner.

      So where exactly do you see a problem?

      Delete
    7. Anonymous17:04

      Yes, helps the liquidity position.

      Delete
    8. @Anon 4:46PM

      Believe it or not, financing capital expenditures from profits/cash reserves only is often not the most prefered option. Most of the companies do a split where the portion is financed from equity and portion by debt issuance. The reasons for this are multiple but it involve interest rates, overall cost of borowing, company risk profile, minimum cash reserves required etc.

      Delete
    9. Anonymous23:11

      What an expansion investment?
      no aircraft is bought? Is there a real estate investment of Air Serbia?
      Which assets have been activated by investments?

      Delete
  15. Anonymous16:07

    AZ poslije u plusu ASL se isto popravila odlican uspeh.
    INN-NS

    ReplyDelete
    Replies
    1. Anonymous16:35

      AZ u plusu? http://www.etihad.com/en-us/about-us/etihad-news/archive/2016/alitalia-significantly-reduces-losses-by-381-million-in-2015/

      Delete
    2. Purger16:55

      Alitalija je konstatno u gubitku

      2010. -107 milijuna EUR
      2011. -6 milijuna EUR
      2012. -119 milijuna EUR
      2013. -50 milijuna EUR
      2014. -580 milijuna EUR
      2015. -199 milijuna EUR

      Dakle vidljivo je da je stanje od dolaska Etihada (jun 2014.) lošije nego prije preuzimanja.

      Ovo me podsječa na one tvoje izjave kako je Austrian gubitaš iako je te godine i nekoliko godina prije bio pozitivan.

      Sinko dragi, nije dovoljno biti navijač i željeti neke činjenice. One se neće ostvariti zato što ti tako želiš. Treba malo i čitati, informirati se, pronači podatke. Sramota je ovako!

      Delete
    3. Anonymous20:31

      AZ ce biti u plusu to sto vama kasne vesti nisam kriv.
      OS jeste bio nekad gubitas nisam pricao od skoro a mozemo G Purgeru i vase gluposti da nabrajamo. A posto sve znate evo vam zanimljiv clanak.
      http://www.aerotelegraph.com/wird-alitalia-zur-erfolgsstory-etihad-airways-investment-turnaround-flotte-vergroessern-a350-dreamliner-partnerschaft-air-berlin
      INN-NS

      Delete
    4. Anonymous23:35

      Let's stick to the facts. The article has nothing to do with financial performance.

      Delete
    5. Mali Marko Lukić09:00

      Članak nema nikakve veze sa finansijama. Još jedan pokušaj da se izvučeš iz blata u koji se sam baci.

      A ono sa Austrianom se svi sečamo. Tvrdio si da je Austrian u tom momentu neprofitabilan i da je to već godinama. A to nije bila istina i čovek te lepo demantiro.

      Delete
    6. Anonymous09:01

      Dal će Alitalija biti u plusu to tek treba da se vidi, jedno su želje a drugo realnost.

      A to da kasne vesti, pa nije nečija želja vest, nego želja. Vest bi bila da su u prvom kvartalu pozitivni, a eto nisu.

      Delete
  16. Anonymous18:07

    OT: El Al continues with 4 flights every Tuesday from Zagreb, on May 31st: 3x752, 1x320! Go, Zagreb!

    ReplyDelete
    Replies
    1. Anonymous00:19

      Very nice, ZAG will go over 250k in May for sure

      Delete
  17. Anonymous20:09

    Dali neko zna zasto asl i os iz beograda lete danas preko hrvatske slovenije a ne preko madjarske?

    ReplyDelete
  18. ASL Superfan02:04

    Air Serbia haters are finally giving up on "won't get approval" or "A330 will never arrive" mantra and are now emphatically embracing "won't be profitable" as they are painting themselves into a shrinking corner of hate. Oh, the next few weeks will be Armageddon or pure bliss, depending on your point of view!

    ReplyDelete
    Replies
    1. the so called "haters" are annoying, but so are you since you are clearly trying to start a pointless discussion. You could have simply said "good to see that JU finally got all the permits"

      Delete
    2. Anonymous04:35

      What is annoying is endless discussion of financial performance of Air Serbia.

      Delete
    3. Anonymous08:57

      and that is not important in one air company?

      Delete
    4. Anonymous13:57

      Financial performance is quite well but many refuse to accept it and they turn discussion into annoying trolling against Air Serbia.

      Delete

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