Montenegro Airlines to be privatised this year: government

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Montenegro's government has listed the country's main carrier, Montenegro Airlines, among the state companies intended for privatisation this year.

The draft decision came at a privatisation council session yesterday, chaired by prime minister Igor Luksic.

It stated that several companies would be sold "through a public tender". In addition to Podgorica-based Montenegro Airlines the list included transport firm Montecargo, the Adriatic Shipyard in Bijela, and the rail infrastructure company ZICG, among others.

The government also explained that it would offer public-private partnerships for several other companies, as well as tourism and military complexes.

Montenegro Airlines operates a small fleet of Fokker 100 and Embraer 195 twinjets, on a route network to several European destinations.

The government did not indicate how much of the carrier would be sold.

But in a statement it said that the objective of privatising the airline, and the other companies on the list, was to "increase competitiveness and efficiency" and "encourage foreign investment and entrepreneurship in all sectors".