Officials say that Air Serbia, Balkan country's new national carrier partly owned by Etihad Airways, formally starts flying this weekend, spelling the end for the old loss-making JAT Airways. Air Serbia's chief manager Dane Kondic said Friday that the company's inaugural flight will take place on Saturday to Abu Dhabi, United Arab Emirates.
The agreement on the strategic partnership between Jat Airways and Etihad Airways was signed on August 1, 2013. According to the agreement, the United Arab Emirates company acquires a 49 percent stake in the new carrier Air Serbia, while the Serbian government owns 51 percent. Serbia's current loss-making JAT Airways will cease to exist.