Jat Airways seeking return of property in Croatia

Serbian national airline Jat Airways is seeking the restitution of property worth EUR 60mn from Croatia.

Izvor: Tanjug

Wednesday, 11.08.2010.

16:38

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Serbian national airline Jat Airways is seeking the restitution of property worth EUR 60mn from Croatia. The company also wants EUR 10-worth of property returned from other former Yugoslav republics, Jat Executive Director Milan Cvejic told Tanjug on Wednesday. Jat Airways seeking return of property in Croatia Jat Airways has filed a lawsuit against Croatia and its national airline Croatia Airlines with a court in Zagreb, but has not received any response. Cvejic pointed out that Croatia is trying "to avoid returning Jat's property because they used it to found their own airline." Jat's property constituted around 90 percent of the property of Croatia Airlines at the time of the company's founding. "We have turned to the Croatian justice system hoping to settle the dispute amicably, because we have property valued at EUR 60mn in Croatia. The property includes apartments, offices, sales locations and more," Cvejic noted. "There is a succession agreement in place and as far as we are concerned, there is no need to sign anything else. The succession agreement, which was signed by all of the former republics, clearly regulates that all property will be returned to its owners," Cvejic said.

Jat Airways seeking return of property in Croatia

Jat Airways has filed a lawsuit against Croatia and its national airline Croatia Airlines with a court in Zagreb, but has not received any response.

Cvejić pointed out that Croatia is trying "to avoid returning Jat's property because they used it to found their own airline."

Jat's property constituted around 90 percent of the property of Croatia Airlines at the time of the company's founding.

"We have turned to the Croatian justice system hoping to settle the dispute amicably, because we have property valued at EUR 60mn in Croatia. The property includes apartments, offices, sales locations and more," Cvejić noted.

"There is a succession agreement in place and as far as we are concerned, there is no need to sign anything else. The succession agreement, which was signed by all of the former republics, clearly regulates that all property will be returned to its owners," Cvejić said.

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