United Arab Emirates' airline Etihad Airways will acquire 49 percent of Serbian flag carrier JAT Airways, which will be renamed as Air Serbia, the airlines announced on Thursday.
The Abu Dhabi-based carrier has also been award
The UAE's Etihad Airways is nearing an agreement over an equity investment in loss-making Serbian flag carrier JAT Airways, the Belgrade-based Blic newspaper has reported.
Serbia is aiming to offload loss-making state firms, i
Etihad Airways said on Monday it had signed an initial agreement with the Serbian government over a possible equity investment in the country's loss-making JAT Airways.
No value for the deal nor how much of a stake Etihad woul
The UAE has approved a $400 million loan to Serbia, boosting the Balkan country's drive to find investors from outside the crisis-hit euro zone to help pull it out of recession.
Serbian finance minister Mladjan Dinkic, visitin
Abu Dhabi Airports Company (Adac) today (May 6) welcomed Serbia's national carrier Jat Airways’ first passenger flight from Belgrade to Abu Dhabi International Airport.
The aircraft was greeted by water cannons after it touched down at th