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Montenegro

NURKOVIC SAYS 12. 12. 2019.   >>  14:37 0

NURKOVIC SAYS

We are not saving MA, but investing in Montenegrin development

Minister of Transport, Mr Osman Nurkovic, said that investment in Montenegro Airlines (MA) it vas not an investment into saving the company, but an investment in future development of Montenegro.

Government didn’t want to see Montenegro Airlines shut down or go bankrupt and that’s “why it decided to help it”. In his opinion, Government’s decision to invest €155 million in MA is right.

Talking about possible disagreements with the European Commission over the new investment in MA, Nurkovic said he informed the EC representative that this was not an investment in MA, but an investment in the country.

"Direct and indirect damage would occur if the company does not consolidate and if there is no planned development. We will try to prove that it was not an investment in the rescue of the company but an investment in the future development of Montenegro," Nurkovic said at a press conference in the Government

He said that all assumptions were that MA would not have losses in the future because they would not invest and consolidate the company had they come to the conclusion that losses would continue.

Should bankruptcy occur, Nurkovic says two MA planes would be confiscated and there would be a risk of a lawsuit.

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