again canceled due to a lack of interested buyers. Strategic partnership with Etihad Airways In March 2013, Serbia's Minister of Finance Mlađan Dinkić traveled to Abu Dhabi to propose that Etihad Airways take a stake in Jat in order to renew their fleet. In April it was confirmed that Etihad added Belgrade to their summer timetable as a part of the initiative to become a co-owner of Jat alongside the Serbian government. A purchase of a 49% stake in Jat by Etihad is widely suggested by observing media, which is dependent on whether a memorandum of understanding (MoU) is signed with the government of Serbia, possibly in May 2013. On 17 June 2013, an MoU was signed with Etihad and the Serbian government on exploring the possibility of an equity investment in Jat Airways. On 1 August 2013, the Serbian Government and Etihad Airways formalised an agreement which will see a reorganisation and rebranding of the airline's operations to Air Serbia, an entity in which the Serbian Government will have a 51% stake and Etihad Airways will own 49%. Etihad Airways was also granted management rights over the carrier for an initial five-year period. By then, Serbia had only one airline carrier, Jat Airways shareholding, a company with its own statute, Board of Directors and management bodies. Air Serbia is the result of a strategic partnership agreement between the Etihad Airways and Jat Airways, making the company to fulfill regulatory requirements, and got registered with the Business Registers Agency (APR). Subsequently, Jat Airways changed its name to Air Serbia and everything else was kept unchanged, continuing to be a joint stock company, the commercial entity registered in the APR, and with all the rights and obligations of Jat Airways. At that moment, Jat Airways was working at full power and fulfilling the obligations of regular and chartered passenger transportation, as agreed in its business plan for 2013. Liveries Yugoslav Airlines When the name Yugoslav Airlines first appeared on aircraft in 1950, the airline had a simple, mainly white livery. During these years there was a Yugoslav flag on the tail, and on the body the words Jugoslovenski Aerotransport. Shortly afterwards the airline changed its livery and added a logo on the tail section with a red shaped egg on the tail in which JAT was written in white, a logo kept for the rest of the SFR Yugoslavia period. The