Q:
A:
Baltic Aviation Systems buys off documentation for strategic partnership with JAT Airways
Belgrade,
31 October 2011
The Ministry of Infrastructure and Energy today stated that at an extended tender for a strategic partner to JAT Airways the transaction documentation was purchased by Baltic Aviation Systems, co-owner of AirBaltic.
The statement reads that in line with transaction terms, the Ministry of Infrastructure and Energy and the relevant working group will continue with the activities to select a strategic partner by submitting transaction documents to the company in question, after which the company is to make its bid.
The Ministry recalls that the application deadline for an investor for a joint investment in a new company, dealing with public transport in air traffic, expired today.
The application deadline lasted from 1 August until today and a number of airliners and companies cooperating with them voiced their interest in a strategic partnership with Serbia and JAT Airways.
Applications were submitted within the deadline by two companies, but bearing in mind that around the end of the deadline there was interest on behalf of other companies, the Ministry extended it for another month.
At the end of this period, one company – Baltic Aviation Systems – purchased the transaction documentation, the statement adds.
The Ministry recalls that the application deadline for an investor for a joint investment in a new company, dealing with public transport in air traffic, expired today.
The application deadline lasted from 1 August until today and a number of airliners and companies cooperating with them voiced their interest in a strategic partnership with Serbia and JAT Airways.
Applications were submitted within the deadline by two companies, but bearing in mind that around the end of the deadline there was interest on behalf of other companies, the Ministry extended it for another month.
At the end of this period, one company – Baltic Aviation Systems – purchased the transaction documentation, the statement adds.
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion
-
Belgrade, 24 June 2025Government supports request for new postponement of sanctions against NIS
-
Belgrade, 23 June 2025Procedures to facilitate sale of Serbian products to China to be accelerated
-
Belgrade, 21 June 2025Serbia receives first funds under Growth Plan for the Western Balkans
-
Belgrade/Cairo, 20 June 2025New phase in relations with Egypt in field of agriculture
-
Belgrade/Athens, 18 June 2025Serbia’s leadership position in power sector