The Serbian government launched a tender Monday to find investors to create a new airline to replace loss-making Jat Airways (ATW Daily News, June 16, 2010). A previous tender for the sale of a 51% stake in Jat, priced at €51 million ($73 million), failed in 2008 (ATW Daily News, June 30, 2008). The government is looking mainly for airlines and/or financial backers with airline holdings to invest in the new Serbian carrier. A possible merger between Jat and Turkish Airlines, ...

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