[9] The airline remains a government-owned company and enjoys financial and protectionist support from the government.

[13][14] On 6 July 2012, local media cited that Montenegro Airlines has yet again changed the fourth order, this time requesting an E-190LR model.

[17] 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.

[18][19] Shortly after, it has been announced that the airline will suspend all flights from 26 December 2020 marking the end of its operations.

[20] 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.

[22] 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.

[23] The available business and operating results of Montenegro Airlines are (as at year ending 31 December): At the time of closure, Montenegro Airlines served 18 destinations in Denmark, France, Germany, Italy, Russia, Austria, Slovenia, Serbia, Switzerland and the United Kingdom.