Liquidation and the new company
In August 2016, it was reported that accounts belonging to Montenegro Airlines had been frozen after the airline failed to comply with a court ruling regarding the payment of debts to the operator of the country's airports. Montenegro Airlines owed the company more than US$15 million.[12]
In December 2020, the Government of Montenegro announced the shutdown and liquidation of the company in the forthcoming weeks stating mismanagement and accumulating losses for several years.[13][14] Shortly after, it has been announced that the airline will suspend all flights from 26 December 2020 marking the end of its operations.[15]
On 29 December 2020, it was announced by Minister Mladen Bojanić that the Montenegro Airlines would be reorganized and replaced with a new company the To Montenegro (2 Montenegro), as the new Montenegrin flag carrier airline.[16]
In late 2020 it was uncovered that a number of individuals close to the ruling DPS party, such as controversial religious leader Miraš Dedeić, were given free tickets or significant discount for the flights of the Montenegro Airlines.[17]
In April 2021, it was reported the Montenegrin government made Air Montenegro the official name for the ToMontenegro project and that the airline would start up using two of Montenegro Airlines' former Embraer-195 aircraft.[18]
In June 2021, Montenegro Airlines' former directors, pilots, flight crew and other employees reported to the Bankruptcy Administration claims of US$205 million for salaries, taxes, contributions, per diems and fees.[19]
