Serbian government yesterday announced a tender for 51% of Jat Airways, the Associated Press reported. Buyers must be registered in Serbia or the EU and have until July 31 to submit a bid for the stake, which may rise to 75% following negotiations with the winner. Jat's assets are valued at €162.6 million ($255.7 million) and its debt is €247.4 million, according to the tender (ATWOnline, July 21).
Subscribe to Access this Entire Article
"Serbia puts Jat up for sale" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.