Govt. hopes to strike Jat Airways deal with UAE company

So the new partner pays off the old debts and guarantees the lease of the new planes (which should be paid for by operating revenues) and gets only 50% of the company, which the government hasn't been able to sell at any price? They could probably buy it for the amount of the debt and have 100%. Dinkic must be some salesman.

As long as I don't lose my free flights with JAT then fine with me. I like how we seem to be moving forward with this government. Keep the momentum going.

Amer- the slots are worth that alone. Let alone JAT teknika. Passenger traffic to and from Tesla is booming.

Concerning the "booming passenger trafic": The small German airport Nürnberg has about 1 million passengers as Belgrade. Frankfurt is only with passengers 20 times bigger. And Belgrade is the only airport of Serbia: "my village is also booming"

Pavel- passenger and cargo traffic GROWTH is booming. Anyway, who wants to go to Nuremberg or Frankfurt, most boring places on earth.

My point is transportation and logistics are good employers.

b92: If I double-posted, please delete this post.

"No where in the article does it say that the foreign airline will assume any debt. It just says the debt wont be part of the new company. Most likely it's being assumed partially by the government.
(Danilo, 22 October 2012 17:45) "

That could be it - but the government is supposed to be cutting spending, and paying JAT's debts is not going to help there. (There's now a little matter of 1 billion to maybe 5 billion euros due to people in Kosovo after the Eur Court for Human Rights judgement for unpaid pensions, don't forget.) Why wouldn't the government simply guarantee the lease payments, if they have the resources, and keep the company going under Serbian ownership? They're giving 50% of the company merely to guarantee the lease payments? (That's why I figured the UAE company would take care of the debt.)

Anyway: the slots are definitely worth something, but apparently not enough to persuade anyone to take over JAT as a going concern along with its debts. Still, Dinkic made a good case for voiding a lot of the old Yugoslav debt with both international private and government lenders after the end of the war, so maybe he's really come up with something. I'm in favor of anything that saves jobs, at this point.

No where in the article does it say that the foreign airline will assume any debt. It just says the debt wont be part of the new company. Most likely it's being assumed partially by the government.

Concerning the "booming passenger trafic": The small German airport Nürnberg has about 1 million passengers as Belgrade. Frankfurt is only with passengers 20 times bigger. And Belgrade is the only airport of Serbia: "my village is also booming"

Amer- the slots are worth that alone. Let alone JAT teknika. Passenger traffic to and from Tesla is booming.

As long as I don't lose my free flights with JAT then fine with me. I like how we seem to be moving forward with this government. Keep the momentum going.

So the new partner pays off the old debts and guarantees the lease of the new planes (which should be paid for by operating revenues) and gets only 50% of the company, which the government hasn't been able to sell at any price? They could probably buy it for the amount of the debt and have 100%. Dinkic must be some salesman.

No where in the article does it say that the foreign airline will assume any debt. It just says the debt wont be part of the new company. Most likely it's being assumed partially by the government.

Pavel- passenger and cargo traffic GROWTH is booming. Anyway, who wants to go to Nuremberg or Frankfurt, most boring places on earth.

My point is transportation and logistics are good employers.

b92: If I double-posted, please delete this post.

"No where in the article does it say that the foreign airline will assume any debt. It just says the debt wont be part of the new company. Most likely it's being assumed partially by the government.
(Danilo, 22 October 2012 17:45) "

That could be it - but the government is supposed to be cutting spending, and paying JAT's debts is not going to help there. (There's now a little matter of 1 billion to maybe 5 billion euros due to people in Kosovo after the Eur Court for Human Rights judgement for unpaid pensions, don't forget.) Why wouldn't the government simply guarantee the lease payments, if they have the resources, and keep the company going under Serbian ownership? They're giving 50% of the company merely to guarantee the lease payments? (That's why I figured the UAE company would take care of the debt.)

Anyway: the slots are definitely worth something, but apparently not enough to persuade anyone to take over JAT as a going concern along with its debts. Still, Dinkic made a good case for voiding a lot of the old Yugoslav debt with both international private and government lenders after the end of the war, so maybe he's really come up with something. I'm in favor of anything that saves jobs, at this point.