Aviogenex (Belgrade) owner, the Serbian government, has received a total of four bids for the carrier Belgrade's Radio B92 has reported. Among those that have expressed an interest in acquiring the moribund charter airline include local firm, JetVision Balkan, and Russia's Arctica Airlines, a firm believed to be linked to Mikhail Kremeshkov, Dmitry Vinokurov and Vyacheslav Zotov.

Other contenders include Swiss investment firm, Euroswiss Investment Holding AG (though Helvax AG has also been mentioned), and the UAE-based Overseas Group.

Belgrade is offloading Aviogenex as part of sweeping reforms in which over 500 loss-making parastatals are to be disposed of.