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Serbia okays Jat leasing 10 Airbus planes
The Serbian government approved on Friday plans by the national airline JatAirways, in which it sold a 49 per cent stake to Etihad Airways last week, to lease 10 Airbus aircraft.
Transportation Minister Milutin Mrkonjic was quoted by B92 private broadcaster as saying the airline would lease Airbus planes and that first instalment of a $750,000 (560,000 euros) deposit would be paid for first five aircraft.
Last week Abu Dhabi-based Etihad Airways signed an agreement with Serbia to acquire 49 per cent of the loss-making JatAirways, which is to be renamed Air Serbia.
The Gulf’s fast-growing carrier will inject $40 million into Air Serbia that will be converted into Etihad equity on January 1, 2014, after approval of the acquisition by regulators.
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