A regional aviation portal reported on Tuesday that Air Serbia is selling off aircraft engines left over from the now defunct JAT airways a day after it reported that Etihad Airways is expected to pull out its management staff from the Serbian national carrier.
The Exyuaviation.com portal reported that Air Serbia has sold ten spare engines used by its Boeing 737-300 aircraft to the Icarus International Group, an aircraft engine parts and component supplier, adding that the sale is seen as an attempt to raise funds.
“Icarus International Group is proud to announce the purchase of ten CFM56-3B1 engines from Air Serbia,” the company said on its web site.
The exyuaviation.com portal said that Air Serbia put 19 non-airworthy general aviation aircraft on sale earlier this year, including thirteen Cessna 172 Skyhawks, three Cessna 152s and three Piper Cheyennes.
The portal said earlier that Etihad Airways is expected to announce within days that it will retain its 49% minority stake in Air Serbia but will not renew its Management Services Agreement which expires on January 1, 2019.
The portal said that the Abu Dhabi-based company is likely to pull out the staff it appointed to key management positions in Air Serbia, including the CEO and CFO, and move the revenue management and network planning departments from Abu Dhabi back to Belgrade next January.