March 29, 2024

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Montenegro Airlines closes down just after serious economic losses

The chronically loss-generating nationwide airline of Montenegro has absent out of organization, with 360 workers losing their work.



a large passenger jet flying through a blue sky


© Delivered by The Independent


The ultimate flight was YM103 from Belgrade in Serbia to its hub, Podgorica, on Christmas Day. On an earlier flight on 25 December  between the two capitals, the pilots traced out a partial coronary heart shape with their flight path.

Montenegro Airlines was produced in 1994, towards the conclusion of the Yugoslav civil war. It has been monetarily supported by the authorities of the former Yugoslav republic for most of its existence.

The carriers fleet comprised just four commuter jets: three Embraer 195s and a single Fokker 100 – which was 31 a long time outdated

In 2019, the airline flew 657,276 passengers – much less than Ryanair carried in just two days. 

Ryanair experienced complained to the European Union about what it said was illegal state support to the Montenegrin carrier.

Montenegro Airlines’ major routes connected Podgorica with London Gatwick, Frankfurt, Ljubljana, Paris, Rome, Vienna and Zurich, with some holiday flights to and from the vacation resort airport of Tivat.

In early March, soon prior to coronavirus prompted a in the vicinity of-shutdown of aviation across Europe, Montenegro Airlines announced plans to close its workplaces in London and elsewhere.

Like all European carriers, it was hit very hard by the pandemic.

The governing administration in Podgorica has announced its intention to discovered a new nationwide provider.

An additional airline from the previous Yugoslavia, Adria Airlines of Slovenia, went bust in September 2019.