Montenegro Airlines seeks to take Embraer E195 jet under dry lease

The company aims to sign a three-year lease contract for the jet, from April 2020 until April 2023, with a possibility to extend the dry lease agreement, it said in a statement earlier this month.

Interested bidders can submit their offers by midday on November 22, with their opening to take place later the same day.

The lowest offered monthly lease rental will carry the biggest weight in the bid, followed by the lowest offered price for maintenance reserves.

At present, Montenegro Airlines' fleet comprises three Embraer 195 jets and two Fokker 100 jets, according to company data.

Earlier this month, the airline said it handled record-high 593,939 passengers in the first ten months of 2019, up 3% on the year.

The company narrowed its loss to 1.97 million euro ($2.18 million) last year, its executive director Zivko Banjevic said in April.

($ = 0.903946 euro)