Air Serbia, in which Etihad Airways recently acquired a 49% stake, will receive its first of ten new aircraft on October 27, Arabian Business has reported, citing daily newspaper Novosti.
The rest of the deliveries are expected in the next year. Air Serbia will also introduce new destinations including Abu Dhabi, Melbourne, Sydney and Chicago on its network.
Etihad bought into the airline, formerly known as JAT, this month as part of a $200 million plan to revitalise the ailing, government-backed airline. As part of that deal, Air Serbia plans to retire much of its current fleet and replace it with a combination of leased and new aircraft.
Air Serbia is Etihad’s sixth equity partner, it also owns 29.21% of Germany’s airberlin, 40% of Air Seychelles, 10.5% of Virgin Australia, 2.99% of Irish carrier Aer Lingus and 24% of India’s Jet Airways.
The investment by Etihad is part of wider investment in the European country by the UAE. Earlier this year, the Gulf state made the largest investment in Serbia in more than 30 years, potentially helping to lift the Balkans state out of a deep recession.
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