Srgjan Radovanovic, Director General of Serbia's national carrier JAT Airways, said Wednesday that the company will establish a partnership with Montenegro counterpart 'Montenegro Airlines' (MA) as of October 31.

The Serbian and Montenegrin carriers have a total of 22 planes - JAT 14 and MA - eight, Radovanovic said, pointing out that two companies agreed to share the destinations, hence provide sufficient number of planes for new destinations.

The move will save a lot of money and thus lead to reducing the tickets' prices, Radovanovic said.

JAT-MA cooperation, agreed yesterday in Montenegro capital Podgorica, sets the foundations of a regional air traffic alliance and all air companies are invited to join in if they have 'complementary fleets', Radovoanovic said.