The state has to carry out the transformation of Jat Airways with or without strategic partners, Economy and Regional Development Minister Nebojša Ćirić says.
Speaking after the deadline set for a tender to find a strategic partner for the company, he expressed expectation that such a partner “will be found”.
“This is not a classic privatization, it is about transformation and restructuring Jat and Serbia’s request is to do so with a strategic partner, to form a new company that is going to carry out cost rationalization and fleet renewal,” Ćirić told reporters after a Tanjug forum in Belgrade on Monday.
At the extended tender aimed at finding a strategic partner for Jat Airways, Latvian Baltic Aviation Systems, a co-owner of Air Baltic, was the only party tha bought the transaction documents, the Serbian Ministry of Infrastructure and Energy said.
