Air India bids for Serbian carrier

Air India bids for Serbian carrier

Air India is considering making an offer for Serbia's national carrier, Jugoslavenski Aerotransport (JAT), in what would be the first major bid by an Indian carrier for an overseas rival.
But if Air India decides to push ahead, it faces the prospect of a bidding war with Russia's Aeroflot, believed to be the only other serious suitor for the Serbian carrier.
Mirjana Dragovic, a spokeswoman for JAT, told the Financial Times: "Air India and JAT are talking about an eventual merger or other kind of partnership."