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.
With Summer nearing an end the EX-YU aviation industry faces some tough decisions ahead. Former Yugoslavian carriers, now fragmented toward their own regional goals, may have to deal alone with insurmountable financial troubles.
In news from the Balkans, it seems likely there may be a merger in the offing, with reports suggesting that Croatia’s national air carrier Croatia Airlines are set to hold talks with their Slovenian counterparts Adria Airways to form a new pan-Balkan carrier.
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.