planes

Air Serbia’s fleet expansion masked by debt and government spending

Despite claims by Serbian Finance Minister Siniša Mali that Air Serbia acquired new aircraft in 2024, official documents reveal the national airline purchased three used Airbus planes through a $36 million loan from Erste Bank, with all aircraft mortgaged. This contradicts Mali’s public portrayal of “new” fleet expansion. In the same year, the Serbian government purchased a Falcon 6X aircraft for approximately €47 million, while also initiating payments for 12 Rafale fighter jets from France—totaling €2.7 billion. The state has…