June 17, 2013
Etihad Airways and government of Serbia sign initial MOU to explore equity investment opportunity
Etihad Airways, the national airline of the United Arab Emirates, will advance discussions with JatAirways about an equity investment in the Serbian national carrier. An Initial Memorandum of Understanding (IMU) between Etihad Airways and the Government of Serbia was signed in Belgrade on Monday, June 17th. An investment decision would depend on the successful completion of a comprehensive due diligence process and be subject to all necessary regulatory and respective board approvals. The two airlines will now intensify discussions about collaborative efforts to further integrate their networks and help JatAirways achieve efficiencies, build revenue, and reduce costs.