newstodate.aero
Aug 23, 2007 (newstodate): A study commissioned by Serbia's JAT and the Norwegian Foreign Affairs Ministry and produced by the International Financial Corporation, IFC, paints a bleak picture of the carrier's performance.
The study lists a number of problems and deficiences, including an insufficient rate of utilisation of assets, low productivity, obsolete business practices, lack of capital, sustained operative losses, high costs and low revenues.
In order to explore the investors' interest in JAT Airways, IFC conducted meetings with potential investors, including Air France, Lufthansa, Aegean Airlines, as well as private investor firms.
The study lists a number of problems and deficiences, including an insufficient rate of utilisation of assets, low productivity, obsolete business practices, lack of capital, sustained operative losses, high costs and low revenues.
In order to explore the investors' interest in JAT Airways, IFC conducted meetings with potential investors, including Air France, Lufthansa, Aegean Airlines, as well as private investor firms.