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Etihad may take 49 percent stake in indebted Serbian JAT Airways

BELGRADE, Serbia - Serbia's JAT Airways will meet a delegation from Etihad Airways this week, a Serbian government official said, raising speculation the Abu Dhabi-based carrier could take a 49 percen

Turkish Airlines may take majority in indebted JAT Airways

Turkish Airlines may take a majority in Serbia's indebted JAT Airways if an agreement is reached between them, Serbian Minister Sulejman Ugljanin told reporters in Istanbul on Friday.

Serbia decides to privatize national airline

Serbia has decided to privatize JAT Airways, the Balkan country’s national airline, over the course of the summer. The flag carrier will be officially listed for sale by the end of the month, but the government must first spell out the terms of the privatization contract, which will likely include a clause that would require any potential buyer to preserve the airline’s national status.