Etihad Airways and Air Serbia continue partnership

Etihad Airways continues to own 49 percent of Air Serbia, the two companies announced on Monday after agreeing to continue their equity partnership.

Etihad Airways also "remains a fully committed and supportive shareholder in partnership with Air Serbia's majority shareholder, the government of Serbia," a press release said.

Serbian Prime Minister Ana Brnabic said she was satisfied with the decision.

"Five years after the commencement of the successful equity partnership with Etihad Airways, Air Serbia is now fully standing on its own feet under the constructive supervision of its two shareholders, the government of Serbia and Etihad. We are excited about Air Serbia's perspectives and the continuation of our successful equity partnership with Etihad," Brnabic is quoted as saying.

Robin Kamark, Etihad Aviation Group's Chief Executive Officer for Equity Partners, said that Etihad was "honored to have been able to help build Air Serbia into what it is today."

"We are looking forward to the next phase of our equity partnership as an engaged and supportive shareholder and cooperation partner," said Kamark.

The company also announced that interim Chief Executive Officer Duncan Naysmith and Chief Operations Officer Declan Keller would remain on current management positions until the end of this year.