Montenegro Airlines (Podgorica) is to be once more offered up for privatization the country’s Privatisation and Capital Investment Council has announced. According to EX-YU Aviation News, the airline's shareholding will be sold via a public tender. “We cannot specify at this point in time the pace in which the privatisation process will take place”, a statement read. Previous attempts to offload the loss-making airline from the national fiscus have met with failure. In 2009, a joint El Al Israel Airlines (LY, Tel Aviv Ben Gurion) and European Bank for Reconstruction and Development bid for control of the airline and Podgorica and Tivat airports failed when government balked at the offer. A later 2011 tender was met with no responses despite Arkia Israeli Airlines (IZ, Tel Aviv Ben Gurion), El Al and Etihad Airways (EY, Abu Dhabi International) having all purchased tender forms. Turkish Airlines (TK, Istanbul Airport) was also linked to a potential take over though that too failed to materialize. Montenegro Airlines joins the likes of Croatia Airlines (OU, Zagreb Franjo Tuđman) and Adria Airways (Ljubljana) in looking for new investors capable of injecting fresh vitality and capital into them. Thus far, of the former Yugoslavian carriers, only Air Serbia (JU, Belgrade) has been fortunate enough to land a wealthy partner in the form of Etihad Airways (EY, Abu Dhabi International).