newstodate.aero

Mar 10, 2023 (newstodate): The Serb carrier Air Serbia is feeling the need for a foreign investor to keep business thriving.
   In 2013, Etihad Airways took a 49 percent stake in the Serb carrier and entered the management group of the airline for five years.  
   However, as Etihad run into own financial strains, it reduced its stake in Air Serbia in 2018 and retreated from the management. And today, Etihad holds only 16.5 percent of Air Serbia, with the Serb state back as the owner of the remaining stock.
   Air Serbia is now again in the market for a new investor, eying Qatar Airways as a strong potential partner with a comprehensive code-share agreement with Air Serbia covering over 40 destinations.
   To further the business opportunities, the Serb president has been in Qatar to offer a bid for a strong participation in Air Serbia, including strategic investments.
   As a special feature of Air Serbia, the carrier is today the only European carrier, excepting Turkish Airlines, to offer unbroken flight services to Russia despite the Russian war on Ukraine.