Aviogenex (Belgrade) has reportedly caught the eye of an unnamed Dubai-based firm just one month after the Serbian government put the airline up for sale. According to EX-YU Aviation News, a potential investment into the moribund charter specialist would be welcomed as staff have complained they have not been paid in over a year, labelling the carrier as "neither here nor there."

Having once operated a respectable fleet, Aviogenex's fleet has now fallen on hard times with its sole aircraft - a B737-200Adv. - having been parked in Belgrade since the beginning of this year when its last contract - a wet-lease for Westair Bénin (Cotonou Cadjehoun) - ended.

Prior to Jat Airways' tie-up with Etihad Airways (EY, Abu Dhabi International) resulting in Air Serbia (JU, Belgrade), the Serbian government had intended to re-equip Aviogenex with Jat's older B737-300s with the plan of repositioning the airline as a low-cost carrier.