Minister says "state must transform" air carrier
The state has to carry out the transformation of Jat Airways with or without strategic partners, Economy and Regional Development Minister Nebojša Ćirić says.
Tuesday, 01.11.2011.
09:45
The state has to carry out the transformation of Jat Airways with or without strategic partners, Economy and Regional Development Minister Nebojsa Ciric says. Speaking after the deadline set for a tender to find a strategic partner for the company, he expressed expectation that such a partner "will be found". Minister says "state must transform" air carrier "This is not a classic privatization, it is about transformation and restructuring Jat and Serbia's request is to do so with a strategic partner, to form a new company that is going to carry out cost rationalization and fleet renewal," Ciric told reporters after a Tanjug forum in Belgrade on Monday. At the extended tender aimed at finding a strategic partner for Jat Airways, Latvian Baltic Aviation Systems, a co-owner of Air Baltic, was the only party tha bought the transaction documents, the Serbian Ministry of Infrastructure and Energy said.
Minister says "state must transform" air carrier
"This is not a classic privatization, it is about transformation and restructuring Jat and Serbia's request is to do so with a strategic partner, to form a new company that is going to carry out cost rationalization and fleet renewal," Ćirić told reporters after a Tanjug forum in Belgrade on Monday.At the extended tender aimed at finding a strategic partner for Jat Airways, Latvian Baltic Aviation Systems, a co-owner of Air Baltic, was the only party tha bought the transaction documents, the Serbian Ministry of Infrastructure and Energy said.
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