29 December 2018 - A group of deputies of the ruling coalition has recently submitted an amendment to the Draft Law on the Government budget, which envisages new aid to the flag carrier Montenegro Airlines (MA) of 5,5 million EUR. That is just one of a dozen amendments that were submitted to the bill, reports Montenegrin news agency, Dan.
Namely, in the explanation of the Draft Law, it is stated that the funds above will be provided to Montenegro Airlines if legal requirements for the use of funds are met, all to fulfil the obligations of this company.
The explanation of the submitted amendment also states that the Ministry of Transport and Maritime Affairs, headed by Osman Nurković, submitted an updated request to the Ministry of Finance on December 25 on the above issue.
It is expected that in the forthcoming period the amendment will be accepted and the company will receive new budget support. Last year (2017), the company acquired 15 million EUR from the state, while it is unclear whether the country provided aid to MA in 2018. Montenegro Airlines currently has an accumulated deficit of over 70 million EUR.
Montenegro Airlines is the flag carrier of Montenegro that operates scheduled and charter services throughout Europe from its hub at Podgorica Airport with a second base maintained at Tivat Airport. The company has an excellent reputation for a safe and reliable carrier, and the country decided to provide all the support Montenegro Airlines needs in overcoming its financial difficulties.
