Montenegro Airlines in “critical” state
NEWS FLASH
The newly elected Montenegrin Minister for Capital Investment, Mladen Bojanić, has described the existing financial state of national carrier Montenegro Airlines as critical following talks with the management and warned the government is considering shutting the company down, among other options. “The situation is very bad both in terms of liquidity and inter-company relations. It was a shock to learn about the relationship between the Board of Directors and the management. This government won’t run away from making difficult decisions or delay them as has been done in the past”, Mr Bojanić said. The Montenegrin government announced last week it would replace the national airline’s management within the next two to three weeks and form a team of experts who will analyse the situation at the indebted and loss making flag carrier and decide its faith by February 2021. Following yesterday’s talks, the government will meet with members of the airline’s management again later today. The Montenegrin Finance Minister, Milojko Spajić, noted, “A decision regarding Montenegro Airlines has to be made quickly so we can plan for next year’s budget”.
0 Response to "Montenegro Airlines in “critical” state"
Post a Comment