Air Industry in Serbia Gains Traction – Important Investments Arrive, Founding of Research and Development Centers, Startups, Tech Parks Possible
Namely, in Nova Pazova, the German company MTU Aero Engines has opened a jet engine parts repair factory, whereas Israel Aerospace Industries (IAI) has opened a facility for the repurposing of passenger planes into cargo ones in Belgrade, the first such facility in eastern Europe.
– It is important to note that the making of decisions on having an investment this big is preceded by detailed and all-encompassing multiyear analyses by the investor. The very fact that Serbia has been selected out of all other potential countries worldwide as the location for investments shows the importance of our comparative advantages, and they are primarily reflected in quality human resources which are capable of meeting the modern demands in the high-tech fields of the aviation industry – professor Dr Aleksandar Simonovic of the Faculty of Mechanical Engineering says for eKapija.
He points out that the newly opened facility for the repair of jet engines in Nova Pazova is of remarkable importance.
– Through joint efforts and investments of the Republic of Serbia and the company MTU Aero Engines, 400 new jobs will be created in the high-tech sector of the aviation industry. With this facility, MTU Aero Engines will raise its current repair capacities by around 25%, but also increase the number of the employees by 4%. The Republic of Serbia and Nova Pazova will get new jobs, where the salaries will be far above the state and local average. On the other hand, in the long term, it is of remarkable importance that this will create a clear professional perspective for a large number of young experts in the aviation industry in Serbia, who would otherwise build their future abroad – says our interviewee.
When it comes to the Israeli investment, when asked why companies are opting for investments in the repurposing of passenger planes, Simonovic says that the new trend is “primarily a response to the direct demands of the market, that is, a reaction of companies to the disturbance caused in air transport by the COVID pandemic”.
– In that respect, air companies, in order to meet the increased cargo transport needs, are forced to choose whether they want to lease or purchase new planes or opt for used passenger planes, where a conversion needs to be done. The nature of things is that companies, in this case, opt for a more readily available, but also more financially favorable solution.
The interviewee of eKapija also says that the potentials of Serbia can be characterized as very encouraging.
– Considering the quality of the expert workforce that is trained within the education system of the Republic of Serbia, the rich tradition of aviation and the accompanying institutions, but also observing the current situation and the existing capacities, our potentials can be characterized as very encouraging. The proof that this is correct are precisely the recent investments and the arrival of companies related to the various segments of the aviation industry – he points out.
He also says that “the development of aviation and air-space technology will continue following the strivings and goals of the further development of the society, technology and science, in both the world and Serbia”.
– Considering the recognized importance of the new investments in aviation and the effort made by the institutions of the Republic of Serbia, it is to be expected for investments to continue in this direction. In the coming period, relying on the experiences of big investors so far, it won’t be a surprise if the nature of investing rises to an even higher level. There is already a big interest in investing in the founding of research and development centers, startups and technology parks related to the aviation industry.
Aleksandra Kekic
Naš izbor
We Will Ride in Driverless Taxis and Get Food Delivered by Drones – What Are the Advantages and Challenges of the Smart Mobility We Are Heading Toward? Industry, Transport, IT, Telecommunications
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
27.03.2024. | Industry, Transport, Finance
City to Waive Over 30 Zemun and Palilula Bus Lines to Private Transporters – Draft Public-Private Partnership for 10-Year Period Ready, Job Worth Half a Billion Euros
27.03.2024. | Industry, Transport, Finance
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
26.03.2024. | Finance
Miodrag Kostic’s Company Agri Europe Cyprus Wants to Buy 17% in Addiko Bank
26.03.2024. | Finance