The Serbian government now holds USD 110 mln in shares, as cited by simplyflying.com, with Etihad holding the remaining 16.42 percent of shares.
The move may be eye-raising, as world airlines suffered during COVID and then struggled mightily in the wake of the pandemic, with a shortage of staff and rising costs for workers and fuel. That said, Air Serbia has taken advantage of regional route expansion, as well as increased Russian traffic since, and with all due respect, Russians now have few European destinations still open to them.
“This year we are aiming to be profitable and we will continue to be on that path in the future as well,” said Air Serbia CEO Jiri Marek, as cited by simplyflying.com. “We want it to stay like that. Air Serbia will continue to be the leading regional carrier in the Balkan region.”
Photo credit: Adam Moreira (AEMoreira042281), CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons.