JAT isnt trying to be a homelandcarrier.After the end of country of Yugoslavia,JAT is focusing on becoming a international carrier.Thats the main reason they choose this livery, since it has nothing to do with the country.I am sure that in a year or so they will modify it.Remember the old new livery.First they had JAT is small letters and yugoslav airlines in grey next to it, Then they added big JAT titels on the body and eventually they added yugoslav airlines in blue letters next to it.Considering how slow they are painting their aircraft, the old livery will be around for some more years,so plenty of time to enjoy it.
I agree that JAT isnt the best airline, but considering in what conditions they had to operate, and what type of missmanagment they had, they are doing ok.You cannot compare them with other carriers like Croatian , Adria and some eastern european airlines, since JAT had to stop their operations several times due to sanctions.They will never be as big as they were before, since they homemarket has been reduced by more then 50%.
But i wouldent rule them out yet. They will be around for many more years.
Regarding the livery, i think they will make some modifications on it.Possibly a blue tail and white circles on those dots as somebody mentioned it before.personally i would like them to do something about the engines.
anyway , just my two dinars
TUPOZURE: JAT stands for Jugoslovenski Aero Transport, meaning Yugoslav Air Transport. But since the country of Yugoslavia no longer exsists , The company chnaged their name to Jat Airways.
JAT- More then flying