In news from Balkans.com, Montenegro Airlines’ CEO, Zoran Djurišić will reportedly be replaced at the end of May on account of the airlines recent heavy losses. Mr. Djurišić has been at the helm of the now beleaguered airline since its creation almost 20 years ago. The airline ended 2012 on a horrendous financial note losing some €23.5 million euro. Meanwhile Ryanair appears ready to take up Montenegro traffic slack if the airline staggers or folds.
Amid accusations Montenegro Airlines desires some kind of monopoly on the Balkans country’s airspace, CEO of the company, Zoran Djurišić, announced his invitation to executives of three of the former Yugoslavia’s biggest carriers, Croatia Airlines, Jat Airways, and Adria Airways, to a sort of summit on the Budva Riviera.