Jat to buy Macedonian national carrier?

Jat Airways boss Saša Vlaisavljević says that the company is discussing a strategic partnership with Macedonia’s national airline, MAT.

Izvor: Beta

Friday, 20.03.2009.

15:22

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Jat Airways boss Sasa Vlaisavljevic says that the company is discussing a strategic partnership with Macedonia’s national airline, MAT. Vlaisavljevic said that two-day talks had got under way in Skopje yesterday, and that in view of MAT’s debt of USD 10mn to Jat, the Serbian airline had proposed taking a stake in the company by way of compensation. Jat to buy Macedonian national carrier? “The next step is forming a joint team to precisely establish all the reciprocal outstanding debts, while, at the same time, a joint legal team will look into potential forms of cooperation,“ he explained. Jat announced that over the next fortnight a commission, comprising experts from the two airlines, would draft a proposal determining the size of Jat’s controlling stake in MAT on the basis of money owed. Vlaisavljevic noted that Jat Airways owned a subsidiary in Macedonia, Aeromak, which could play a major role in the event of an agreement being reached with MAT, as, under Macedonian law, Jat could hold a maximum stake of 50 percent, minus one share, in the Skopje-based airline.

Jat to buy Macedonian national carrier?

“The next step is forming a joint team to precisely establish all the reciprocal outstanding debts, while, at the same time, a joint legal team will look into potential forms of cooperation,“ he explained.

Jat announced that over the next fortnight a commission, comprising experts from the two airlines, would draft a proposal determining the size of Jat’s controlling stake in MAT on the basis of money owed.

Vlaisavljević noted that Jat Airways owned a subsidiary in Macedonia, Aeromak, which could play a major role in the event of an agreement being reached with MAT, as, under Macedonian law, Jat could hold a maximum stake of 50 percent, minus one share, in the Skopje-based airline.

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