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Air Serbia completes fleet renewal

Jun 18, 2024, 5:07:20 PMArticle by Iskra Pavlova
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June 18 (SeeNews) - State-owned flag carrier Air Serbia said it its tenth ATR 72-600 aircraft has landed at the Nikola Tesla airport in Belgrade, marking the completion of a project for the renewal and expansion of its fleet which began in January 2022.

Air Serbia completes fleet renewal
Air Serbia

The ATR 72-600 aircraft is expected to join Air Serbia's operations in the coming days, once all mandatory procedures are completed, the company said in a statement last week.

On Monday, news portal EX-YU Aviation cited Air Serbia's CEO, Jiri Marek, as saying that with the upgrade of the ATR72-200 and ATR72-500 aircraft to the more modern ATR72-600 aircraft, the company has raised the average age of the aircraft in its regional fleet to nine years, making it the youngest in the broader Western Balkans region.

The news portal also reported that Air Serbia plans to operate up to eight wide-body aircraft in the future, as it prepares to take delivery of its third Airbus A330-200 jet in late July or early August, and anticipates the arrival of a fourth A330-200 in September or October.

Air Serbia's active long-haul routes include New York, Tianjin, and Chicago, with plans to add Shanghai and Guangzhou as of the final quarter of 2024, as well as Miami as of 2025, the report noted.

In 2023, Air Serbia's net profit doubled to 40.5 million euro/$43.4 million) on the back of a launch of more than 20 new destinations. It transported 4.19 million passengers last year, up 53% compared to 2022, while the number of flights jumped 44%.

In 2013, Abu Dhabi-based Etihad Airways signed a deal to acquire a 49% stake in loss-making JAT Airways, a company wholly owned by the Serbian government. Under the strategic partnership agreement, Etihad was granted a five-year contract to run the airline, which it rebranded to Air Serbia in October that year. In November 2023, Serbia regained full ownership of its flag carrier.

($ = 0.934 euro)

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