|Founded||24 October 1994|
|Secondary hubs||Tivat Airport|
|Frequent-flyer program||Vision Team|
|Key people||?ivko Banjevi?, CEO|
|Net income||EUR-8.0 million (2019)|
Montenegro Airlines a.d. (Montenegrin ? / Montenegro erlajns) is the flag carrier of Montenegro, headquartered in Podgorica. It operates scheduled and charter services throughout Europe from its hub at Podgorica Airport with a second base maintained at Tivat Airport. It is as of June 2019 the only Montenegrin airline offering regularly scheduled services.
The airline was founded on 24 October 1994, by the government of the Federal Republic of Yugoslavia. The first aircraft, a Fokker 28 Mk4000 (nicknamed "Lov?en"), was purchased almost two years later in 1996. The first commercial flight took place on 7 May 1997, at exactly 10:30 between Podgorica and Bari, Italy.
In April 2000, Montenegro Airlines became a member of the International Air Transport Association (IATA). In June 2000, the first of five Fokker 100 aircraft was delivered to Podgorica Airport. The airline joined Amadeus CRS on 5 March 2003. In 2004, Montenegro Airlines' pilots were the first in the region to be granted the IIIA certificate. On 2 July of the same year, the airline carried its millionth passenger.
After the Montenegrin independence referendum, Serbia became an international market for Montenegrin companies. Montenegro Airlines had to cease international flights from Serbia to countries other than Montenegro, thus losing the profitable Ni? - Zurich line, due to lack of Seventh Freedom policy. In an effort to circumvent this, Montenegro Airlines registered a separate airline in Serbia called Master Airways, but it was denied an operating license allegedly due to Serbian Government protectionist policies. On 23 July 2007, Montenegro Airlines ordered 2 Embraer 195 in order to grow its fleet and destination network. The aircraft being leased from GECAS for a period of 8 years. The first of the two Embraer E-195s arrived at Podgorica Airport on 5 June 2008. The delivery of the first Embraer was followed by introduction of regular flights to London-Gatwick and Milan-Malpensa International Airport.
On 17 April 2009, El Al and Montenegro Airlines issued a joint statement reiterating El Al's keen interest in buying 30% of the stock, but the plan failed. The airline remains a government-owned company and enjoys financial and protectionist support from the government.
After the arrival of the airline's first pair of Embraer E-195s, Montenegro Airlines requested Embraer to change the remaining backlog order to the E-175. However, the third E-195 was delivered anyway, and thus the fourth remaining order was to be an E-175. On 6 July 2012, local media cited that Montenegro Airlines has yet again changed the fourth order, this time requesting an E-190LR model. The aircraft was delivered in May 2014. In November 2014, Montenegro Airlines put both its Fokker 100s up for sale. However, by June 2015 no buyer has been found and the aircraft are likely to be scrapped.
In August 2016, it was reported that accounts belonging to Montenegro Airlines had been frozen after the airline failed to comply with a court ruling regarding the payment of debts to the operator of the country's airports. Montenegro Airlines owed the company more than US$15 million.
The available business and operating results of Montenegro Airlines are (as at year ending 31 December):
|Turnover (EUR m)||67.7||65.4||67.5||80.7|
|Net profit/loss (EUR m)||-10.4||-11.5||-15.9||-2.0||-8.0|
|Number of employees (at year end)||372|
|Number of passengers (000s)||580||581||569||644||657|
|Passenger load factor (%)||68||70||71|
|Number of aircraft (during year)||6||6||5||6||6|
Media related to Montenegro Airlines at Wikimedia Commons