Montenegro privatisation fails

No one willing to commit to Montenegro Airlines

Despite the fact that three international carriers purchased tender documentation for the acquisition of a 30% Montenegro Airlines share package, no carrier has put in an offer for Montenegro’s national airline. The Montenegrin Tender Commission announced that the tender had failed on December 15, when interested parties were meant to put in an offer. Etihad Airways, Arkia Israel Airlines and El Al all purchased tender documentation.

The Montenegrin Government put 30% of the carrier on sale in September, with the possibility of the new share holder increasing its ownership within 2 years. The government has not commented on the failed privatisation process.