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.
Europe airlines
El Cheapo Europe Flights Dominate Market
According to the Amadeus Air Traffic Travel Intelligence report recently released, budget flights in Europe and other regions are trending to dominate air travel. The report reveals low cost carriers taking up as much 14% of all air travel, while cheap flights in Europe account for 38% overall.
Korean Air Buys 44% Stake in Czech Airlines
Korean Air and Czech Airlines finalized the former’s buyout of 44% of the Czech carrier making the Korean airline their second largest stakeholder.
Turkish Airlines Connects Non-Stop to Houston Now
Turkish Airlines has announced their expansion in the United States with this week’s launch of its newest gateway in Houston, Texas.
Alitalia On Bad PR and Profits Course
Just when European airline Alitalia could least afford bad publicity, news from the US Department of Transportation (DOT) tells of a fine of $125,000 levied against the airline for deceiving two passengers about their compensation rights.
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