Chinese Want Air Serbia, EU’s Reaction a Problem?
The daily writes that the Chinese want to strengthen their position of a great investor in Serbia (after the acquisition of Zelezara Smederevo and RTB Bor) through the purchase of a 49% stake in former JAT and thereby “sneak” into the European airline market.
It is said that “to that end, the official Beijing has already notified the Government of Serbia that it is ready for one of the companies owned by the Chinese state to take over the stake controlled by Etihad, which has been having problems for a long time now, which is why there are speculations that it wants to exit the ownership structure of Air Serbia, a company which is operating with losses”.
– It would certainly suit the state of Serbia for a big Chinese airline company to become an owner and thereby practically take over the management of Air Serbia. Accordingly, the Government of Serbia would have no objections to Etihad selling its shares to the Chinese company. However, there’s a dilemma in the government whether to approve this decision as the majority owner of Air Serbia, that is, whether to accept the Chinese company as a new partner, because there’s a fear that Brussels might have a negative response to it – the source of Danas said.
The daily says that “it is known that the European Union is very skeptical toward any kind of Chinese investment in the countries of the ‘Old Continent’, because it is perceived as Beijing’s expansionist policy, and companies from that country are seen as being prone to unfair competition and violation of the market rules that apply in the economies of its member states”.
China owns three powerful airline carriers – Air China, China Southern Airlines and China Eastern Airlines.
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