Deloitte to advise on Jat’s future

Jat’s future in Deloitte’s hands

The consultancy firm Deloitte will advise the Serbian Government on how Jat should be transformed into a profit making company, Serbian media report. The Serbian Government is torn between two factions in regards to the way Jat’s future should play out. While one influential party in the governing coalition wants to close Jat and create a new national carrier, the largest party that forms the bulk of the government wants Jat to live.

Deloitte will analyse the state Jat is currently in, the value of its assets, choose the best potential strategic partner and develop documentation for the airline’s privatisation. Deloitte has a 12 month deadline to complete the requested tasks. The current Secretary for Aviation in the Serbian Government is firmly in favour of creating a new national carrier although the ministry he is a part of, the Ministry of Infrastructure, is more in favour of investing into the current airline. Thus, the two frequently contradict each other in the media in relation to Jat’s future.

Deloitte is the largest professional services company in the world. It has been paid just under 1 million Euros to act as Jat Airways’ consultant.