El Al still interested in Montenegro

Interest not waning

The Israeli ambassador to Montenegro, Arthur Cole, has said that the country’s national carrier, El Al Israel Airlines is extremely interested in purchasing the Montenegrin flag carrier. Cole said that El Al is anticipating the launch of tender procedures which would call upon companies to purchase shares in the airline. Cole mentioned that Israel sees Montenegro as a secure destination for investment.

Speaking to the Montenegrin newspaper “Pobjeda”, Cole also mentioned that tourism links between the two countries were set up during the summer of this year when El Al’s charter subsidiary, Sun d’Or International Airlines, began flights from Tel Aviv to Tivat. He believes that a scheduled all year round service between the two countries would be justified.

Meanwhile, the Montenegrin Government has begun tender procedures in order to find a privatisation advisor for Montenegro Airlines. The company that is rewarded the job will have to analyse Montenegro Airlines’ business plan and determine the amount of shares that the airline should sell. The company would also advise the Government on a suitable price for Montenegro Airlines’ sale.

Recently, Montenegro Airlines was named the most punctual airline operating out of Moscow’s Domodedovo Airport. Russian aviation authorities awarded Montenegro Airlines for its on time performance since the airline has never had a late arrival or departure from the airport and thus has a 100% on-time record.