PODGORICA (Montenegro), December 30 (SeeNews) – Montenegro's government plans to launch on December 30 the process of incorporating a new flag carrier that will be named 2 Montenegro, capital investments minister Mladen Bojanic said.
"We will have a new company with new organisation and new management, a company that will be run properly," Bojanic said, as seen in a video file posted on the YouTube channel of private broadcaster TV Vijesti.
The government will seek to keep part of the personel of Montenegro Airlines, he added.
Earlier this week, Montenegro's government said it plans to liquidate troubled carrier Montenegro Airlines and establish a new flag carrier in no less than six to nine months. The liquidation procedure would cost about 50 million euro ($61 million) but it is inevitable, as thecountry's competition authority has ruled that a law for public investments in the flag carrier adopted in December 2019 was illegal, the government said.
On December 26, an offer for the acquisition of Montenegro Airlines sent to the government by Veselin Mijac, a Swedish citizen of Montenegrin descent, was rejected, Bojanic also said.
"As for the one-euro offer, it is impossible for the state to take over all the debts. The law forbids that, it is legally impossible," Bojanic explained.
The Montenegrin carrier was founded in 1994 and carried out its first flight in 1997.
($ = 0.8155 euro)