Air Serbia: Etihad is not withdrawing, only reducing its share
BizLife 28.09.2022 | Beta
Air Serbia has announced that the minority partner of the state of Serbia in the company, Etihad, is not withdrawing, but reducing its share in the process of recapitalization due to business disruptions caused by the coronavirus pandemic.
The company recalled that since March 2020, with varying intensity, the global aviation industry had been affected by the “biggest crisis in its history” due to the coronavirus pandemic, and that the aviation industry was one of the hardest hit branches of industry in general and that the consequences of the crisis were still being experienced today. “In accordance with the legislation, most European states have provided assistance to companies participating in air
