Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
JAT "gets" Rothschild - Privatization By Year End  
User currently offlineJoKeR From Serbia, joined Nov 2004, 2245 posts, RR: 9
Posted (7 years 2 months 3 weeks 2 days 2 hours ago) and read 2471 times:

The Serbian Government has selected the US Consulting Company - Rothschild, to help in the privatization of JU.

Rothschild is joined by Clyde & Co, Aviation Economics as well as Citadel in this deal, that will nett them over a million Euro +.

The consultancy lists British Mediterranean, Alitalia, Fraport, TAP Portugal and BAA as its most recent clients.

Government's spokesperson said that Rothschild gave a better proposal over its rival BNP Paribas. It is widely expected that JU will be privatized by the end of the year.


Kafa, čaj, šraf?
13 replies: All unread, jump to last
 
User currently offlineLaxintl From United States of America, joined May 2000, 26025 posts, RR: 50
Reply 1, posted (7 years 2 months 3 weeks 2 days 2 hours ago) and read 2462 times:

Just because the Serbian government has hired consultants is no guarantee a sale, or interest in a sale with be forthcoming from anyone.


From the desert to the sea, to all of Southern California
User currently offlineJoKeR From Serbia, joined Nov 2004, 2245 posts, RR: 9
Reply 2, posted (7 years 2 months 3 weeks 2 days 2 hours ago) and read 2445 times:

Quoting Laxintl (Reply 1):
Just because the Serbian government has hired consultants is no guarantee a sale, or interest in a sale with be forthcoming from anyone.



Quoting JoKeR (Thread starter):
to help in the privatization



Quoting JoKeR (Thread starter):
expected that JU will be privatized by the end of the year

Just wanted to clarify the obvious. Interest wise, officially presented by Aeroflot and Icelandair so far.



Kafa, čaj, šraf?
User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 3, posted (7 years 2 months 3 weeks 2 days 1 hour ago) and read 2411 times:

Well, first Rotschild should learn about Velja's needs, dreams and wishes and take a very good care that those are met  Wink


Honestly, they didn't need Rotschild or any other consultants. What JAT needs are cleaners to clean up the mess that was piled up for decades.



R-E-S-P-E-C-T
User currently offlineJoKeR From Serbia, joined Nov 2004, 2245 posts, RR: 9
Reply 4, posted (7 years 2 months 3 weeks 2 days 1 hour ago) and read 2400 times:

Quoting Aleksandar (Reply 3):
What JAT needs are cleaners to clean up the mess that was piled up for decades.

Just call them trash collectors! Big grin

It'll be interesting to see the eventual outcome, either way JU needs to be put out of its misery. I'm sure that whoever gets JU eventually, will pay peanuts for it - I'd give it away!



Kafa, čaj, šraf?
User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 5, posted (7 years 2 months 3 weeks 2 days ago) and read 2386 times:

Quoting JoKeR (Reply 4):
either way JU needs to be put out of its misery

No, my friend, you're very wrong. We should be put out of mysery as tax-payers.



R-E-S-P-E-C-T
User currently offlineLaxintl From United States of America, joined May 2000, 26025 posts, RR: 50
Reply 6, posted (7 years 2 months 3 weeks 1 day 23 hours ago) and read 2364 times:

Quoting JoKeR (Reply 2):
Interest wise, officially presented by Aeroflot and Icelandair so far.

There are various levels of interest... Look at Alitalia... some 10 parties bid on the airline however at the end ultimately interest turned out to be zero.
Just because there might be some parties that are willing to look at JATs books and sign non disclosure agreements does not mean a people are really willing to spend money and execute a final contract.

Not to put JAT or Serbia down, however the airline is rather meaningless when it comes to the bigger airline picture on the European continent. I suspect Serbia would be served adequately by other carriers if JAT were to disappear for good.
If it ever enters the EU, could maybe become a base for Ryanair with significantly more service then it ever receives today.  Smile



From the desert to the sea, to all of Southern California
User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 7, posted (7 years 2 months 3 weeks 1 day 23 hours ago) and read 2355 times:

Quoting Laxintl (Reply 6):
Just because there might be some parties that are willing to look at JATs books and sign non disclosure agreements does not mean a people are really willing to spend money and execute a final contract.

You are absolutely right. Right now, Aeroflot shows some interest, but it remains a mystery to me what will they do with JAT. It just doesn't fit into Aeroflot. I don't believe they will make some kind of political decision because those days are long gone, too.

Quoting Laxintl (Reply 6):
Not to put JAT or Serbia down, however the airline is rather meaningless when it comes to the bigger airline picture on the European continent.

You are right and wrong here. Of course, position of JAT in global European picture is meaningless now, but there is a certain potential that can be used in the future.

Quoting Laxintl (Reply 6):
If it ever enters the EU, could maybe become a base for Ryanair with significantly more service then it ever receives today.  

Well, I hope Serbia will become a part of EU.  Smile Hmmm, I'm not sure about Ryanair base. First, Belgrade is configured as an old-fashioned European hub. How big or small it will be in the future, time will tell, but it is definitely not something Ryanair would be interested in. Anyway, Ryanair could find another Serbian airport as very useful. It is Nis, some 250 km south of Belgrade, close to Bulgaria, FYR Macedonia and some ski resorts that are becoming more and more popular among British tourists. Airport is small, cute, with not much traffic and, as such, ideal for Ryanair  Smile



R-E-S-P-E-C-T
User currently offlineJoKeR From Serbia, joined Nov 2004, 2245 posts, RR: 9
Reply 8, posted (7 years 2 months 3 weeks 1 day 23 hours ago) and read 2342 times:

Quoting Laxintl (Reply 6):
Not to put JAT or Serbia down, however the airline is rather meaningless when it comes to the bigger airline picture on the European continent. I suspect Serbia would be served adequately by other carriers if JAT were to disappear for good.

Yes! Hanging onto an organization that has "gangrene all over" is the dumbest move, in any country and situation: JU is no exception. Yes JAT was once a "glorious" airline and yes I too miss those days, but hey, those days are gone, the world has changed, JAT has changed, people need to get over it. What we need in Serbia is a small, dynamic, modern airline, equipped with mainly 70-100 seaters and with perhaps 3 - 150 seat airliners, serving the profitable European gateways. And who knows, in a few years - and only if numbers speak for themselves, get bigger planes, go intercontinental, go to Mars even - but do it for commercial reasons - for profit and not for pride.

Quoting Aleksandar (Reply 7):
Ryanair could find another Serbian airport as very useful.

Batajnica! Barely 10 km away from Nikola Tesla International, this military airport has two parallel runways and will be converted for dual (civil/military) use, as was announced by the Defense Minister Sutanovac this afternoon, and reported by B92.



Kafa, čaj, šraf?
User currently offlineOceansWorld From , joined Dec 1969, posts, RR:
Reply 9, posted (7 years 2 months 3 weeks 1 day 23 hours ago) and read 2332 times:

Quoting JoKeR (Reply 8):
Hanging onto an organization that has "gangrene all over" is the dumbest move

But if it has gangrene all over, will it not finally die with so much rot ?


User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 10, posted (7 years 2 months 3 weeks 1 day 23 hours ago) and read 2332 times:

Quoting JoKeR (Reply 8):
Batajnica!

I have even better solution. Terminal 1  Smile

Quoting OceansWorld (Reply 9):
But if it has gangrene all over, will it not finally die with so much rot ?

Well, it is just like OA or AZ.



R-E-S-P-E-C-T
User currently offlineJoKeR From Serbia, joined Nov 2004, 2245 posts, RR: 9
Reply 11, posted (7 years 2 months 3 weeks 1 day 23 hours ago) and read 2327 times:

Quoting OceansWorld (Reply 9):
But if it has gangrene all over, will it not finally die with so much rot ?

Nah, we have rakija! Big grin (Strong Serbian drink made from plums and frequently used for disinfection and healing by the elderly)

Same as with AZ, strong unions, national pride and also a cash-cow for the government who is not ready to pull the plug. Actually when I think of it, JU is not costing the government anything really?!



Kafa, čaj, šraf?
User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 12, posted (7 years 2 months 3 weeks 1 day 23 hours ago) and read 2319 times:

Whenever I'm paying some bill and see taxes, JAT comes to my mind  Angry


R-E-S-P-E-C-T
User currently offlineOceansWorld From , joined Dec 1969, posts, RR:
Reply 13, posted (7 years 2 months 3 weeks 1 day 23 hours ago) and read 2308 times:

Quoting JoKeR (Reply 8):
go to Mars even

 rotfl 

Quoting JoKeR (Reply 8):
the world has changed, JAT has changed, people need to get over it.

This is so true, but as you say pride and not living in todays world.

Quoting JoKeR (Reply 8):
but do it for commercial reasons - for profit and not for pride.

Men and pride......  sarcastic 

Quoting Aleksandar (Reply 10):
Well, it is just like OA or AZ.

 eyepopping  Also there!  faint 


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Don Carty: "All AAer's Back By Year End" posted Wed Jan 16 2002 20:50:37 by Aa@dfw
Airbus Chairman "125 Firm A380 Orders By Year End" posted Sat May 3 2003 17:21:53 by Teahan
FI: Airbus Expects 200 A350 Orders By Year End posted Thu May 31 2007 13:01:39 by EI321
CO Likely To BOS Terminal A By Year's End posted Tue Apr 10 2007 11:59:46 by N801NW
BA To Order New Aircraft BY Year End. posted Thu Sep 28 2006 09:59:55 by WINGS
KSA To Award 2 Operator Licences By Year End posted Tue May 9 2006 20:25:43 by HiJazzey
Rumor: B6 To SXM By Year's End posted Thu Apr 13 2006 19:33:21 by TIA
MCO To See Bump In Jetblue Traffic By Year-end posted Tue Feb 28 2006 14:12:21 by Lowecur
A380: 100 New Orders By Year End posted Wed Apr 27 2005 23:49:05 by Gaut
Boeing Still Aims For 200 7E7 Orders By Year-end posted Fri Dec 17 2004 07:00:43 by Jacobin777