Serbia's government has abandoned its plan to privatise maintenance provider Jat Tehnika after two rounds of a public tender process.
The ministry of the economy says "certain issues" found during the process had to be "resolved beforehand in order to carry out this [privatisation] procedure in a proper and efficient manner".
Bidders for the company – which specialises in the maintenance of Airbus A320s, Boeing 737s and ATR turboprops – had been invited to submit their offers by a 4 October deadline.
It was the second round of a bidding process after an initial attempt – launched in June with a deadline at the end of July – had failed to attract any offers.
As a result of the first round, the ministry of the economy halved the starting price to €10.3 million ($11.4 million) for the second tender in September.
The government had specified that participants were required to have been conducting MRO operations as a "major activity" for at least five years.
Additionally, candidates were required to be certificated for base maintenance of Embraer and formerly Bombardier-branded aircraft and for line maintenance of 737s, A320s and ATR turboprops.
Having previously been the technical division of former Serbian carrier Jat Airways, the MRO provider was spun out as a standalone business in 2006.