MONTENEGRO AIRLINES TO BECOME ARC-PARTICIPATING CARRIER

Arlington, VA, June 21, 2004 - Montenegro Airlines (409/YM) has joined ARC as participating carrier effective with sales starting June 21, 2004, giving 25,000 ARC accredited travel agency and corporate travel department locations the ability to settle Montenegro Airlines transactions through ARC's trusted settlement system.

Montenegro Airlines is based in Podgorica, Serbia and Montenegro.  From its hub, the carrier serves several regional and domestic airports including Tivat and Belgrade, Serbia and Montenegro; Vienna, Austria; Paris, France; Rome, Italy; Frankfurt, Germany; Budapest, Hungary; Skopje, Macedonia; Ljubljana, Slovenia; and Zurich, Switzerland.

As Montenegro Airlines has elected the General Concurrence method of agent appointment, all ARC-accredited agencies are automatically appointed as agents of the carrier.  At this time, the carrier accepts cash as the only form of payment.

For inquiries, reservations, or sales information, contact the following:

Montenegro Airlines
Radenka Popovic
US Sales Agent
Phone: (201) 488-3032
Fax: (201) 342-1185
E-mail: ymofficeusa@hotmail.com
Web: www.montenegro-airlines.cg.yu


About ARC
ARC is the premier provider of financial settlement solutions and data and analytical services for the travel industry.  Airlines, travel agencies, corporate travel departments, railroads, and other travel suppliers process more than $60 billion annually through ARC's world-class settlement system, making it the financial backbone of travel distribution.  ARC COMPASS®, the leading, trusted source for travel transaction information, powers data and analytical tools that help ARC customers make confident business decisions. ARC is an airline-owned company that builds on values of integrity, teamwork, innovation, cost-effectiveness, and excellence. For more information, please visit http://www.arccorp.com.