Air Serbia is set to embark on a new development phase as it approaches its tenth anniversary since it was rebranded from Jat Airways in late October led by Etihad Airways. Although the Emirati carrier still owns a 16.4% stake in the airline, it has no influence over its Serbian counterpart. The official partnership that still exists is likely to end sometime after January 1, 2024 after Etihad’s five plus five year equity investment contract in the airline comes to an end. The aftermath of the coronavirus pandemic has resulted in Air Serbia’s turbocharged expansion, making it one of the fastest growing in Europe this year. This summer season, the carrier is the 42nd largest European airline by available seat capacity, up from 59th in 2019.
|First E195 in Air Serbia livery, image curtsey of TangoSix|