Serbia Extends Deadline for JAT Airways Offers to Oct. 31
Serbia gave potential investors another month to make offers for JAT Airways, the state-owned flag carrier, as the initial deadline expired today.
The extension until Oct. 31 came “at the request of interested parties to better prepare” their bids, the Infrastructure Ministry said in an e-mailed statement, without naming potential buyers.
The tender began on Aug. 1, when Serbia invited commercial airlines and financial investors with at least a 5 percent exposure to the airlines industry to take part in creating a new national carrier with JAT Airways at its core.
If the third attempt to sell the unprofitable carrier eventually fails, the authorities will try to overhaul the company and renew JAT’s aging fleet of 10 Boeing 737-300s and four turboprop ATR 72-200s, Economy Minister Nebojsa Ciric said in an interview earlier this week.
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