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Montenegro Airlines

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Montenegro Airlines

IATA Code
YM
ICAO Code
MGX
Corporate Address
Beogradska 10,
81000 Podgorica,
Montenegro
Website
http://www.montenegroairlines.com
Main hub
Podgorica Golubovci Airport
Country
Montenegro
Business model
Regional/Commuter
Association Membership
ERA
IATA
Codeshare Partners
Adria Airways
Austrian Airlines

Montenegro Airlines is the national airline of Montenegro, with bases at Podgorica and Tivat airports. The airline operates scheduled service to destinations across eastern and western Europe and charter service to destinations in Italy, Greece, Turkey, Israel, Latvia, Czech Republic and Germany.

Location of Montenegro Airlines main hub (Podgorica Golubovci Airport)


 
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60 total articles

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6,355 total articles

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Flag carriers of the former Yugoslavia urged to unite

10-Apr-12 10:23 AM

National carriers in countries of the former Yugoslavia are struggling to survive in the current economic environment as operating costs rise and they face competition from large network carriers and expanding low-cost carriers. The former Yugoslavian nations of Bosnia and Herzegovina, Croatia, Montenegro, Serbia and Slovenia all have national airlines but are struggling to become profitable, while the national carriers of Kosovo and Macedonia have already failed and have not been revived. 

Association of European Airlines (AEA) secretary general Ulrich Schulte Strathaus recently told Slovenian newspaper Dnevnik that national carriers in the former Yugoslavia need to unite into a single carrier in order to survive. Mr Strathaus stated, “the once single Yugoslav market is now fragmented and a regional solution is necessary. The region needs an airline that would cover local needs and connect with global hubs.”

The main airlines in the region are Bosnia and Herzegovina’s B&H Airlines, Croatia’s Croatia Airlines, Montenegro’s Montenegro Airlines, Serbia’s Jat Airways and Slovenia’s Adria Airways.

Europe's fringe carriers look for partners to overcome financial crisis; Cyprus Airways latest

7-Sep-11 11:57 PM

Airlines on Europe's southern and eastern periphery are becoming more precariously positioned, but are looking for for partners to help overcome the growing financial crisis. Cyprus Airways is the latest such carrier, and reported a widening in first half losses in the six months to 30-Jun-2011, as lower top-line revenue fell and higher fuel costs squeezed the airline in the period. Cyprus Airways is also turning to implementing a raft of measures aimed at stemming operating losses.

Airlines: surviving in a changing world. CAPA's Hottest Airlines to Watch in 2011

24-Dec-10 1:19 PM

As the international airline industry evolves from a heavily protected, government-run activity into a commercial hybrid, individual airlines are confronted by massive challenges, each of them unique to the company concerned. At the same time, the industry overall remains constantly at risk from any number of external threats.

CAPA’s Hottest Airlines to watch in 2011: Europe

9-Nov-10 5:09 PM

The European airline market was battered by the global financial crisis, recording a combined loss of USD4.3 billion in 2009, according to IATA. Europe's tepid economic recovery, the ash cloud crisis, difficulties in cutting capacity and massive structural changes within the short-haul market have conspired to make 2010 another challenging year. Losses are anticipated at USD1.3 billion in 2010, making it the only region to be unprofitable in an otherwise strong year for recovery elsewhere. But there are some bright spots in the region. In this report, CAPA reviews the European airlines expected to make waves in 2011.

Montenegro Airlines prepares for partial privatisation

28-Oct-10 2:08 PM

Montenegro Airlines and the Government of Montenegro announced the selection of a consortium of financial institutions to advise it on the sale of 30% of the government’s stake. The Government had announced plans to sell a 30% stake in the airline in Sep-2010, with the tender process open until mid-Dec-2010 but in reality the intention to privatise it can be traced back almost four years.

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