SMATSA invests €45 million in air navigation upgrade

NEWS FLASH

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have each granted the Serbia and Montenegro Air Traffic Services Agency (SMATSA) 20 and 25 million euros respectively to upgrade its air navigation system. The loan will be used to finance the upgrade of SMATSA's air navigation information technology system to the latest TopSky ATC One version developed by Thales Air Systems. This advanced software will enhance operational capabilities, maximise runway capacity and reduce delays, ultimately improving air traffic flow management. The upgrade will also boost SMATSA’s efficiency and lower costs by reducing delay penalties and maintenance expenses. Beyond operational improvements, the project emphasises workforce development, offering market-relevant training and strategic workforce management. Through an inclusive outreach campaign, SMATSA aims to attract youth to its ranks, with a focus on increasing the representation of women in the aviation sector.

EBRD Regional Director, Matteo Colangeli, said, “We are pleased to continue our successful cooperation with SMATSA with this new investment. The project will modernise air navigation capabilities, enhance efficiency and reduce operational costs. More broadly, the investment represents a commitment to fostering innovation, developing a skilled and inclusive workforce, and positioning SMATSA as a leader in sustainability in the aviation sector”. The CEO of SMATSA, Predrag Jovanović, noted, “We are grateful to the EBRD for their support. This investment will improve the quality of services that SMATSA provides and significantly contribute to operational efficiency. The capacity will be increased, and delays reduced, benefiting airlines and passengers alike. The project is in line with the "Green Agenda" and contributes to the reduction of CO2 emissions. Beyond technology, this investment emphasises our workforce development and inclusivity, with targeted efforts to attract young talent and increase women’s representation in aviation. We are excited to take this transformative step forward for air traffic management in Serbia and in Montenegro”