Etihad Airways will advance discussions with JatAirways about an equity investment. An Initial Memorandum of Understanding (IMU) between Etihad Airways and Government of Serbia was recently signed in Belgrade.
An investment decision would depend on successful completion of a comprehensive due diligence process and be subject to all necessary regulatory and respective board approvals. James Hogan, president and chief executive officer of Etihad Airways said: “We look forward to exploring the possibility of a much deeper strategic commercial partnership with JatAirways.”
The two airlines will now intensify discussions about collaborative efforts to achieve efficiencies, build revenue, and reduce costs.
Hogan added: “As we have demonstrated with our minority equity investments in other airlines, significant on-going savings can be achieved through joint initiatives. These include pilot and crew training, fuel, insurance, and procurement and maintenance agreements for common engine types.”