BETAPHOTO/MILOS MISKOV
The Air Serbia company announced on Aug. 10 that, as a result of doing well, it would pay EUR20m into the Serbian treasury, based on funds obtained through a capital boost.
The Republic of Serbia conducted a capital boost in the air carrier in accordance with European and domestic regulations in December 2020 and September 2022, as a measure to remove the disturbances that occurred in its conduct of business during the Covid 19 pandemic in 2020 i.e. 2021.
After the second capital boost the state increased its stake in Air Serbia to 83.6 percent while the UAE Eithad Airways company's stake was lowered to 16.4 percent.
In the first half of the year Air Serbia carried over 1,700,000 passenger or 87 percent more than the year before or 59 percent more than the record pre-pandemic year of 2019. According to its preliminary financial reports, the company saw profits of EUR22.4 million in the first half of the year which is close to the profits that it achieved in all of 2022.
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