Montenegro Airlines: Financial situation is coming to a head

Embraer 195 (Photo: Montenegro Airlines).
Embraer 195 (Photo: Montenegro Airlines).

Montenegro Airlines: Financial situation is coming to a head

Embraer 195 (Photo: Montenegro Airlines).
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The financial situation at Montenegro Airlines is getting worse. The company confirmed that wages for October 2020 have still not been paid. Furthermore, there are backlogs at various suppliers and service providers. If the state does not provide assistance, the management can no longer rule out the grounding.

“Since the beginning of the winter season, the crisis has accelerated and the low income we had has been further reduced. Until today we have not been able to pay the October wages. We also have outstanding payments for aircraft leases, engines, and supplier debts. We are doing everything we can to reduce expenses. However, the reduction in income and expenditure is not proportional to each other, ”a spokesman told the daily“ Vijesti ”. “Under these circumstances and without state aid, we cannot continue operations even in the short term. If a company like Lufthansa has applied for and received state aid, what can you say for us? We have not received any government funding since August 31st. "

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Editor of this article:

René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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Nobody likes paywalls
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Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

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