Jat Airways on Friday countered assertions that it is in serious financial trouble, insisting in a statement that "the situation. . .is stable and there are no signs of bankruptcy." Serbia's Press newspaper reported last week that Jat President Sasa Vlaisavljevic said the carrier could only afford to operate nine of its 15 aircraft and was running out of money (ATWOnline, Sept. 18). But Jat claimed that Vlaisavljevic was describing "significant and comprehensive cost-cutting measures [the ...

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