Privatisation advisor chosen

December 15 deadline for Montenegro Airlines sale

The company that will advise Montenegro Airlines in its privatisation attempt has been chosen. A consortium comprised of the companies Eurofast, Raiffeisen Investment AG, Eurofast Global and Babic & Associates won the privatisation advisor tender, the Privatisation Council of the Government of Montenegro announced earlier this week. Thirty percent of the airline’s shares are up for sale. The Government did not set a starting price for the offered share package.

No one has expressed interest to purchase the Montenegrin national carrier so far. Last year, El-Al Israel Airlines was a potential buyer but their request to control both Podgorica and Tivat airports was unacceptable to the Government. Airlines have up until December 15, 2010 to send in their bids. Potential bidders must have at least 5 years experience in the airline industry and a fleet of at least 10 aircraft, and have carried at least 2 million passengers in 2009.

Which airline would be the best potential buyer? Share your thoughts.