Belgrade, October 22 2008 – A meeting held between Director of Airports of Montenegro, Mr. Milovan Djurickovic and Director of JAT Airways with associates.

Both parties found the existing cooperation very successful and expressed readiness to continue this path in future.

Mr. Vlaisavljevic illustrated to Mr. Djurickovic the business circumstances under which Serbian airline currently operates and emphasized high appreciation of understanding and support obtained from their Montenegrin partner.

Namely, a tender for the sale of a majority stake in JAT Airways failed.

Director Vlaisivljevic presented Mr. Djurickovic and his associates with Turnaround Plan of JAT Airways that is expected to be supported by the Government of the Republic of Serbia