Ikarbus a.d. (Ikarbus - Fabrika autobusa i specijalnih vozila a.d.) was a Serbian bus manufacturer based in Zemun, Belgrade.

Quick Facts Native name, Formerly ...

Ikarbus

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Native name	Икарбус
Formerly	Ikarus
Company type	Joint-stock company
Industry	Manufacturing
Founded	28 June 1991; 32 years ago (1991-06-28) (Current form) 1923; 101 years ago (1923) (Originally founded)
Founder	Dimitrije Konjović [sr] Josip Mikl [sr]
Defunct	25 November 2022
Fate	Bankruptcy (people left the company)
Headquarters	Autoput 24, Zemun, Belgrade , Serbia
Area served	Serbia
Key people	Aleksandar Vićentić (General director)
Revenue	€0.11 million[1] (2020)
Net income	(€1.96 million)[1] (2020)
Total assets	€12.45 million[2] (2020)
Total equity	€0[2] (2020)
Owners	Government of Serbia (26.92%) Univerzal banka (7.57%) Beobanka (6.37%) City of Belgrade (5.46%) Others
Number of employees	50 (2020)
Website	www.ikarbus.rs
Footnotes / references Business ID: 07739494 Tax ID: 100001628 [3]

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It was originally established as an aircraft manufacturer in 1923, under the name Ikarus. In 1954, it commenced bus production and since 1960 it completely shifted towards it. In 1992, it changed its name to Ikarbus.

On 13 October 1923, the company was established under name "Ikarus – the first Serbian airplane, car and engine industry Kovačević and Co", with headquarters in Novi Sad.^[4][5] The founders were Dimitrije Konjović, brothers Dušan and Milivoj Kovačević, Đoka Radulović and Josif Mikl. On 20 November 1923, "Ikarus" started business officially after the registration before the Novi Sad District Court. In the beginning, the company manufactured a number of foreign designs under licence, such as the French Potez 25, Czechoslovakian Avia BH-33 and English Hawker Fury; Bristol Blenheim as well as the locally designed Ikarus ŠM, Ikarus IO, SIM-VIII, Ikarus IK-2 and Ikarus Orkan.

On 3 March 1924, the first school type airplane "Brandenburg" was manufactured.^[4] In 1927, the Yugoslavian Air Command decided that "Ikarus" should start the production of military planes; the factory for the production of military planes was built in Zemun. On 20 June 1927, "Ikarus" together with Military and Navy Ministry concluded an agreement to build a new factory of airplane engines in Rakovica. In 1928, the Sports Club "Ikarus" was established, thus "Ikarus" being the first company to build gliders in the country. By December 1932, the company relocated its headquarters from Novi Sad to Zemun. In April 1935, the first model of war airplane of domestic design was completed; a single-seat glider "IK-1", designed by engineers Ljubomir Ilić and Kosta Sivčev. In January 1936, the Yugoslav Air Command and "Ikarus" signed an agreement for the manufacturing of British "Hawker Fury" fighter plane, of all-metal construction. By the spring of 1938, the Yugoslav Air Command and the company concluded an agreement on the supply of twin-engine bombers "Blenheim", under the British license. In 1938, the Administration Building of "Ikarus" in Zemun was built.^{[citation needed]}

With the start of the World War II (WWII) in Yugoslavia, the Nazi Germany occupation authorities confiscated the company on 17 April 1941. On 17 and 25 April 1944, the factory was heavily damaged in the Allied air-strikes. By early November 1944, the factory restarted operations.

On 12 August 1945, the first emergency Assembly of "Ikarus" shareholders in the socialist Yugoslavia was held in. On 27 March 1946, "Ikarus" was nationalized by the decision of the District Court of Zemun. Until the end of 1946, the subsequent decisions in form of property nationalization were made. On 22 October 1946, the first plane "Aero-2B" flew for the first time, the first prototype made by the air industry in socialist Yugoslavia. On 23 January 1948, the Government of Yugoslavia made a decision to establish the State Enterprise "Ikarus". Also, the Sports Club "Naša krila" was established.

In 1950, a single-seat fighter plane S-49 was built by engineers Ilić, Sivčev, Zrnić and Popović. In the same year, "Ikarus" manufactured the first gliders in the socialist Yugoslavia; a single-seat glider "Hawk 1" was awarded the third prize at the International Championship in Sweden. By the end of October 1952, the first Yugoslav jet plane "451 M" took off. In 1954, "Kosava" twin-seat glider received the first prize at the International Championship in England.

From 1954 onward, Ikarus also commenced bus production, originally of Sauer and MAN designs under licence, but eventually the company's own designs.^[4]

In 1957, the airplane Ikarus S-451MM set the world speed record flying at 750.34 km/hour. In 1960, the Ikarus S-451M, ultra light jet plane set the world speed record, flying at 500.2 km/hour. On 14 November 1961, by the official act of the Administration for Military Industry Affairs, "Ikarus" ceased to be a military company.^[5] Most of the personal and equipment from the aircraft section of "Ikarus" had been relocated during the previous decade to a new aircraft factory SOKO, located in Mostar, SR Bosnia and Herzegovina.

In 1992, the company was privatized, and the following year changed its name to "Ikarbus", due to name usage conflicts with the Hungarian bus manufacturer with the same name.

• Old Ikarus IK-4 bus in Bucharest
• Ikarus IK-160 articulated bus in Skopje
• Ikarbus buses delivery in Belgrade

During the 1990s Yugoslav Wars and international sanctions imposed on FR Yugoslavia, the company's production stagnated. As there was no political will to adjust a state-owned company to a transition, that trend continued during the 2000s and 2010s, causing Ikarbus to become indebted and work in limited capacity. In March 2019, the Chinese "Zhuhai Yinlong New Energy" company began the process of acquiring a majority stake in company's ownership structure.^[6]

The fate of Ikarbus is uncertain as officially LGNEA Lanzhou Guangtong New Energy Automobile took over but is yet to start production or reactivate the facility in Zemun ^[7]

Every vehicle made by Ikarbus has a name starting with 'IK', followed by a hyphen and then the vehicle's code: IK-1xxs are solo city buses, IK-2xxs are articulated city buses and IK-3xxs and IK-4xxs are coaches. Earlier IK 160(P)/161/166 models are also articulated buses. The letter N disambiguates integral models from non-integral ones.

The last produced models under Ikarbus brand were:

• IK-103 solo, MAN or Mercedes engine
• IK-103 CNG (meets EURO-5 standards)
• IK-107 minibus, Cummins engine
• IK-112M, MAN NL 323 chassis
• IK-112N solo low floor, MAN engine
• IK-112LE, Mercedes-Benz OC 500 LE chassis
• IK-206 articulated, vertical MAN engine
• IK-218N articulated low floor, MAN engine
• IK-218M articulated low floor, MAN NG 363 chassis
• IK-308, midibus coach
• IK-312, regional coach
• IK-412, long-distance coach
• IK-415, three-axle coach

• Aircraft industry of Serbia
• List of companies of the Socialist Federal Republic of Yugoslavia