Serbian government today invited bids from qualified investors, to form a new airline to replace loss making JAT Airways.
The tender calls for investors to already have a 5% stake in an airline to be eligible for bidding.
JAT Airways has been in discussions with Turkish Airlines for a possible stake sale for up to 51%, however none has come to fruition.
Serbia's main airport at Belgrade, has been experiencing a decrease in demand recently with many airlines pulling out of the once SFRY country.
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JAT Airways to be replaced ?
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