LONDON – Montenegro Airlines (YM), the largest airline in the state of Montenegro, could ground its entire fleet as the state does not know if it can help the company that has significant losses due to the pandemic.
Due to COVID-19 and restrictions on air transport, YM could experience further financial turmoil. The company, paying for aircraft leases and other costs first, left its staff awaiting their October salary.
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Statement from Montenegro
A spokesperson for the company said that the new restrictions and blockages have reduced the revenue. According to its financial results for the year, read more ⇒
Source:: “Airways Magazine”