Etihad Airways has bought 49% from Jat Airways (Air Serbia)

10 353

Etihad Airways, the national company of the United Arab Emirates (UAE), has bought 49% from Jat Airways. The acquisition is subject to terms and conditions: Etihad Airways will acquire 49% from Jat Airways; Jat Airways will reboot in Air Serbia; Etihad Airways and the government of Serbia will make a capital infusion of 40 millions of dollars each; Other 60 millions of dollars will come from loans; Air Serbia will launch flights to Abu Dhabi from October 2013.

air_serbia_etihad_airways

As a result of the transaction, Jat Airways will reboot in Air Serbia. The strategic partnership includes the acquisition of new aircraft for Serbia's new airline, but also a new operational network. In addition to flights to Abu Dhabi, Air Serbia will open routes to Banja Luka, Beirut, Bucharest, Budapest, Cairo, Kiev, Ljubljana, Prague, Sofia, Varna and Warsaw.

Air-Serbia-A319

In june, Etihad Airways has launched daily flights between Abu Dhabi and Belgrade. Flights from Abu Dhabi to Belgrade are operated by Airbus A319 aircraft configured in two classes and with a maximum capacity of 106 seats. This will enhance the economic relations between Serbia and the United Arab Emirates, as well as stimulate the tourism sector in both countries.

In addition to Etihad Airways flights, Air Serbia will operate four weekly flights between Belgrade and Abu Dhabi from October 2013. As the fleet grows, Air Serbia will fly daily between the two capitals. Airbus A319 aircraft will be used, with the current Boeing 737-300 being withdrawn from the operating system.

365643_air-serbia010813ras-photo-andrej-Isakovic-007_f

365642_air-serbia010813ras-photo-andrej-Isakovic-003_f

365634_air-serbia010813ras-photo-andrej-Isakovic-001_f

The rebranding of Jat Airways in Air Serbia is an important moment in the history of the Serbian national carrier. Jat Airways was established in 1927, being one of the first airlines in the world. After 86 years of activity, Jat Airways was in a critical situation and had to choose between privatization or bankruptcy. I think the right decision was made, even if the name "Jat Airways" will remain only a memory.

Regarding the color scheme, it was designed by a mixed team, with members from both countries, and the aim was to provide a new unmistakable identity. On the tail of the Air Serbia aircraft will be the coat of arms and the state colors of Serbia.

Jat Airways is the sixth airline to invest in Etihad Airways after: Airberlin (29.21%), Air Seychelles (40%), Virgin Australia (10.5%), Aer Lingus (2.99%) and Jet Airways (24%).

Regarding the route Belgrade - Bucharest, there is still not much information, but I do not think it will be opened before 2014. I think it will be a competitor for TAROM, and the flights will not be operated under codeshare. Greater competition, lower ticket prices and new travel opportunities :).

10 Comments
  1. Master RA says

    What good would it have been for Etihad and Tarom to be oriented!

  2. […] We don't forget that Etihad Airways bought 49% from Jat Airways, but it also invests in other airlines: Airberlin (29.21%), Air Seychelles (40%), […]

  3. […] Etihad Airways bought 49% from Jat Airways. As a result of this transaction, Jat Airways will reboot in Air Serbia. The strategic partnership includes the acquisition of new aircraft for Serbia's new airline, but also a new operational network. [...]

  4. [...] The other major carriers in the Middle East - Etihad and Emirates - did not consider joining an alliance, but have signed major agreements with major operators. Emirates and Qantas have announced a global partnership and will enter into force from April 2013. Etihad has agreements with AirBerlin, Air France-KLM, as well as having bought shares in several airlines, the most recent acquisition being Jat Airways (Air Serbia). [...]

  5. […] Etihad Airways, the national company of the United Arab Emirates (UAE), has bought 49% from Jat Airways. As a result of this transaction, Serbia's national airline rebranded itself in Air Serbia, and Belgrade became a bridge between Europe and the Middle East, Southeast Asia and Australia via Abu Dhabi. [...]

  6. […] Airlines: Air Seychelles (40%), Virgin Australia (10.5%), Aer Lingus (2.99%), Jet Airways (24%), Jat Airwys / Air Serbia (49%), Darwin Airline / Etihad Regional from March NEVER […]

  7. […] 2013, Etihad Airways, the national company of the United Arab Emirates (UAE), has bought 49% from Jat Airways. Under the contract: Etihad Airways will acquire 49% from Jat Airways; Jat Airways will reboot […]

  8. […] 2 years after the transaction after which Etihad Airways bought 49% of Jat Airways and its transformation into Air Serbia, the national company of Serbia announced its intention to […]

  9. […] The figures, the choice was privatization, a curious and winning move. In 2013, Etihad Airways bought 49% from Jat Airways. The acquisition was subject to terms and conditions: Etihad Airways acquired 49% of Jat […]

  10. [...] was a very good year for Air Serbia. After the privatization and rebranding of 2013, the Serbian carrier has undergone a series of transformations […]

Leave A Reply

Your email address Will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

EnglishFrenchGermanitalianportugueseRomanianrussianSpanishturkish