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Airlines Suspending Operations: Mat Airways ceases flying

The Macedonian carrier suspended operations until further notice on 20 June 2011, having fallen into financial difficulties. Mat Airways' only aircraft is an owned Boeing 737-500 (reg Z3-AAM, serial 25249). Airline officials told local reporters earlier this week that the suspension was only temporary. Establsihed in 2009 as a successor to MAT Macedonian Airlines, the company is a joint venture between leading Serbian tour operator Kon Tiki Travel, the Belgrade-based Metropolitan Investment Group and Skopje-based Gomeks Financing. Regular charter services for Kon Tiki Travel were launched from Skopje and Belgrade in August 2010. It is understood that Kon Tiki has been experiencing its own financial problems and wants to concentrate on its Serbian-based operations. In April 2011, it was reported that Skywings Group, owner of the other Macedonian airline, Air Lift Service, (also known as Airlift Airlines) was acquiring 50% of MAT Airways and that the two carriers were to be merged. The status of this transaction at the time of the suspension of services is unclear.

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Posted Fri, Jul 8 2011 11:51 AM by Fleetwatch Administrator | Report Abuse