Air One too after Jat

Milan: Italy's Air One, whose owner AP Holding SpA is a leading candidate to acquire Alitalia SpA in a privatisation, is interested in acquiring Serbia's airline Jat, said Radiocor.
In a report, citing sources close to the Belgrade government, the news agency said Jat is being privatised and details on the sale should be decided by the end of July.
Air One was cited saying it is examining the file.
The Serb government is considering two options for the privatisation: a strategic alliance with another airline, and the sale of a significant Jat stake, Radiocor said.
Aeroflot Russian Airlines is seen as a contender for Jat, as is Air India, which already cooperates with Jat in training pilots, it said.
Recent studies by the World Bank found Jat made a 2006 profit of 3.8 mln eur, despite running up 54 mln usd in accumulated losses over 2004-2006 due to low productivity and capacity use, it said.
17/07/07 Forbes, US

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Categories: Air India Jul 2007, Foreign Jul 2007