Air Serbia has commenced intensive communication with special purpose vehicles set-up by Etihad Airways in 2015 called Etihad Airways Partners I BV and Etihad Airways Partners II BV, over the restructuring of its multi million dollar debt. The carrier previously informed the funding vehicle that due to the financial strain caused by the coronavirus Covid-19 pandemic it may not be able to meet its obligations and payments. Air Serbia has sent its creditors at EAP I BV and EAP II BV a joint proposal with the revised amounts and loan repayment deadlines, in good faith that a mutually acceptable solution can be reached through negotiations. It is important to note that Air Serbia, in relation to the creditors, as well as others such as ba…
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