✈ Government to delay dividend collection from Sarajevo Airport

The Government of Federation of Bosnia and Herzegovina has passed a Decision to delay collection of dividends from the public enterprise Sarajevo International Airport for a period of ten years.

The Government of Federation of Bosnia and Herzegovina, in exercising the authority of the Assembly of the enterprise of Sarajevo International Airport, will not make decisions on the distribution of profits for the payment of dividends or profit-sharing, from undistributed (accumulated) profit reported in the business books on December 31, 2020, or from the profit realized for a period of ten years after the adoption of this decision.

The proceeds will be used to finance investments determined by the business plans of the Sarajevo International Airport.

The decision was made after Sarajevo International Airport was forced to stop a significant number of ongoing investment projects due to coronavirus pandemic. The Government’s  decision is especially important for future airport development.

Master plan for Sarajevo International Airport:

- main terminal expansion (scheduled to be completed by the end of 2021)

- installation of 3 new jet bridges (scheduled to be completed by the end of 2021)

- new airport administration building (scheduled to be completed by the end of 2021)

- VIP lounge construction (completed)

- runway extension from 2.600 to 2.900 meters

- runway overhaul (Sarajevo Airport runway was last upgraded in 1998)

- construction of rapid exit taxiway D and reconstruction of taxiways A,B and C

- expending apron area to accommodate two more parking positions for aircraft type A320 or B737 or smaller, for a total of 9 parking positions

- fuel depot reconstruction

- new cargo center

Sarajevo Airport Map (Master plan)

During the year 2019, Sarajevo Airport reported a net profit of €6.64 million.

Source: Flying Bosnian and Government of B&H