Etihad considering stake in Serbia's JAT Airways
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Etihad considering stake in Serbia's JAT Airways

Etihad considering stake in Serbia's JAT Airways

Etihad Airways has signed a preliminary agreement with the Serbian government over a possible equity investment in the Balkan country's loss-making JAT Airways, Reuters has reported. Abu Dhabi-based Etihad did not specify the value of the potential deal, nor how much of a stake it could take in JAT, adding that any transaction would be subject to a due diligence process and regulatory approvals. "The two airlines will now intensify discussions about collaborative efforts to further integrate their networks and help JAT Airways achieve efficiency, build revenue and reduce costs," Etihad chief executive James Hogan told a news conference in Belgrade.

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