Montenegro Airlines closes down right after long-term economic losses

The chronically decline-earning nationwide airline of Montenegro has long gone out of business, with 360 staff members losing their positions.

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The ultimate flight was YM103 from Belgrade in Serbia to its hub, Podgorica, on Christmas Working day. On an earlier flight on 25 December  between the two capitals, the pilots traced out a partial heart shape with their flight route.

Montenegro Airways was produced in 1994, toward the close of the Yugoslav civil war. It has been monetarily supported by the federal government of the previous Yugoslav republic for most of its existence.

The carriers fleet comprised just four commuter jets: 3 Embraer 195s and a solitary Fokker 100 – which was 31 yrs aged

In 2019, the airline flew 657,276 passengers – much less than Ryanair carried in just two times. 

Ryanair had complained to the European Union about what it reported was illegal condition assist to the Montenegrin provider.

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Montenegro Airlines’ most important routes linked Podgorica with London Gatwick, Frankfurt, Ljubljana, Paris, Rome, Vienna and Zurich, with some getaway flights to and from the resort airport of Tivat.

In early March, soon before coronavirus prompted a in close proximity to-shutdown of aviation across Europe, Montenegro Airlines declared ideas to near its places of work in London and elsewhere.

Like all European carriers, it was strike incredibly really hard by the pandemic.

The governing administration in Podgorica has introduced its intention to found a new countrywide carrier.

A further airline from the previous Yugoslavia, Adria Airways of Slovenia, went bust in September 2019.