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Baltic Aviation Systems makes bid for JAT

Baltic Aviation Systems (BAS), a minority shareholder of troubled Air Baltic, has made a bid for the finally troubled state-owned JAT Airways (JU) after the Serbian government extended the deadline through Oct. 31 (ATW Daily News, Oct. 11).  

Baltic Aviation Systems (BAS), a minority shareholder of troubled Air Baltic, has made a bid for the finally troubled state-owned JAT Airways (JU) after the Serbian government extended the deadline through Oct. 31 (ATW Daily News, Oct. 11).   "Our position is that JAT should be restructured and reformed with a strategic partner or without it," Serbian infrastructure minister Milutin Mrkonjic was quoted in Reuters, adding that by December final talks with the Latvian ...

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