Jat Airways is nearing bankruptcy, President Sasa Vlaisavljevic told Serbia's Press newspaper. The Serbian government has been attempting to sell a 51% stake in the troubled carrier since late June (ATWOnline, June 30) to raise money to revitalize it. But no buyers have come forward and Vlaisavljevic said Jat can afford to operate only nine if its 15 aircraft. It already has reduced onboard food service to lower costs and has laid off employees based outside Serbia. It reportedly has ...

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