Air Serbia: Equity Partnership With Etihad Airways To Be Continued

Air Serbia and Etihad Airways agreed that equity partnership of two airlines is going to be continued. Etihad continues to own 49 per cent of Air Serbia and remains a fully committed and supportive shareholder in partnership with Air Serbia’s majority shareholder, the Government of Serbia.

President of the Government of Serbia, Ana Brnabić, said that she is satisfied with the decision: “Five years after the commencement of the successful equity partnership with Etihad Airways, Air Serbia is now fully standing on its own feet under the constructive supervision of its two shareholders, the Government of Serbia and Etihad. We are excited about Air Serbia’s perspectives and the continuation of our successful equity partnership with Etihad“.

Robin Kamark, Etihad Aviation Group’s Chief Executive Officer for Equity Partners, said: “Etihad is honoured to have been able to help build Air Serbia into what it is today. We are looking forward to the next phase of our equity partnership as an engaged and supportive shareholder and cooperation partner”.

Interim Chief Executive Officer Duncan Naysmith and Chief Operations Officer Declan Keller will remain on current management positions until the end of this year, 31 December 2018.

Members of the Air Serbia's Supervisory Board thanked Etihad Airways for its comprehensive support that was instrumental in maturing Air Serbia into what it is today – a well-run airline with a well-trained and skilful employee base.