Serbia to revive Jat Airways with 12 Airbuses, possible UAE investment - fin min

The country plans to renew a leasing contract with aircraft maker Airbus, by backing the company with state guarantees of $140 million, Mladjan Dinkic added.

In addition, an equity commitment in Jat Airways by UAE’s flag carrier Etihad was discussed at a meeting of Serbian and UAE’s officials last week. Etihad would, in this case, take over the state guarantees of $140 million in exchange for a stake in the newly formed airline, he added.

According to the minister the UAE have an interest in such an undertaking because they are planning to invest in Serbian agriculture in order to ensure their own food security and will need adequate logistics centers such as a cargo terminal at Belgrade airport for Etihad.

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