Air Serbia Settles All Liabilities with Creditor EA Partners I

Tuesday, 29. Sep 2020.

Air Serbia has settled all of its remaining obligations towards EA Partners I in the amount of USD 57.62 million on the basis of a long-term loan taken in 2015, which matured on September 28.

– The Serbian national airline expresses great satisfaction with the fact that it managed to provide the funds for the payment of liabilities independently, thanks to responsible business before the coronavirus pandemic, as well as extensive austerity measures at all levels in the greatest crisis in the history of civil aviation caused by the pandemic. Despite these circumstances and the fact that it could not operate commercial passenger flights from mid-March to the second half of May, the company has continued to regularly settle all its obligations towards creditors and suppliers at home and abroad. On the other hand, the fact is that the situation is still very complex and that air traffic in Europe and the world is recovering much more slowly than expected. This is why Air Serbia will continue having active talks with its strategic partners, including creditors and strategic suppliers, in good faith that a solution acceptable to all can be reached through negotiations – the press release says.

It is added that, over the last seven years, since it commenced operations under its current name, Air Serbia has delivered an extremely large expansion in all areas, with the improvement of key indicators.

– After the restructuring, which was possible thanks to the funds from this loan as well, the company recorded its biggest expansion last year, in 2019, carrying a record 2.81 million passengers and flying to as many as 23 new destinations in just one year and launching operations from two new airports in Serbia – Niš and Kraljevo – the press release adds.

Source: eKapija

30. Okt 2020.
Galerija Belgrade, Largest Shopping Mall in the Region on 300,000 Square Meters, Opens

30. Okt 2020.
Nine Hungarian Companies to Invest EUR 75 Million in Serbia

29. Okt 2020.
Air Serbia Recommencing Moscow Flights

28. Okt 2020.
State Inviting Letters of Interest for Privatization of Juzni Banat

27. Okt 2020.
New Infrastructure at Belgrade Nikola Tesla Airport Passes Strictest Tests

27. Okt 2020.
First Two PEPCO Stores in Belgrade Opened

25. Okt 2020.
Business Space in Kralja Petra Street in Belgrade up for Sale

23. Okt 2020.
Interest Rates for Dinar and FX Corporate Loans Equalized

22. Okt 2020.
PKC Wiring Systems Planning Employment of 300 Workers in Smederevo – New Facility to be Completed So

22. Okt 2020.
Tender for Preparation of Documentation for Hemijski Park Prahovo Opens

20. Okt 2020.
Belje to Take Over Production from Meggle?

20. Okt 2020.
Mineco Group: Mineco has taken the first step towards opening a new lead and zinc mine in the Raška

16. Okt 2020.
Qatar Airways to Introduce Dreamliner on Belgrade Line

15. Okt 2020.
VUCIC: Serbia Wants New Arrangement with IMF

14. Okt 2020.
Third Quarter at Belgrade Airport Sees 77% Passengers Less Than Last Year

13. Okt 2020.
New Facility Opens at Prva Iskra Baric

13. Okt 2020.
Aeroflot Relaunches Regular Flights Between Moscow and Belgrade

12. Okt 2020.
Request for Payment of Third Tranche of EU Support of EUR 8 Million Sent

09. Okt 2020.
NBS Revises Projection of Real Growth of GDP for 2020 – “Serbias economic result to be -1.0%, maybe

09. Okt 2020.
Zlatar Spa Complex in Nova Varos up for Sale Again

08. Okt 2020.
NBS: Key Policy Rate Kept at 1.25%

08. Okt 2020.
Galvano-Proizvod Company up for Sale – Offer Includes Successful Business and Office

08. Okt 2020.
CTP Invest Becomes Leader on the Serbian Industrial Real Estate Market

07. Okt 2020.
EC Adopts Investment Plan for Western Balkans Worth EUR 9 Billion

06. Okt 2020.
Parcels for Construction of Facilities in Industrial Zone East in Sremska Mitrovica up for Sale

05. Okt 2020.
EBRD to Support Mini Schengen and Other Initiatives

04. Okt 2020.
European Central Bank Plans to Test Digital Euro

04. Okt 2020.
Serbia Gets EUR 1.613 Billion of Foreign Investments in First Seven Months

02. Okt 2020.
Moodys Confirms Belgrades Credit Rating for 2020

02. Okt 2020.
Moldavian Company to Buy Edible Oil Plant of Victoria Group in Sid for EUR 100 Million?