B&H Airlines (Sarajevo) will be liquidated. The flag carrier of Bosnia and Herzegovina suspended schedule passenger operations on June 11. The federal government has decided to liquidate the carrier according to Balkans.com.
The airline was originally founded in 1994 as Air Bosna and became the current B&H Airlines in June 2005.
B&H Airlines (Sarajevo) was forced to suspend operations due to maintenance issues involving its two ATR 72-202 aircraft. The flag carrier has been forced to cancel flights to Istanbul, Zurich, Banja Luka and Copenhagen according to this report by Balkans.com. The airline was hoping to resume operations late yesterday. Additionally, according to the report, the Hypo Alpe Adria Bank froze all B&H Airlines accounts on March 4.
Turkish Airlines (Istanbul) is walking away from its 49 percent share in B&H Airlines (Saravejo) which it acquired in 2008 for $6.1 million. Turkish is donating its share to the Bosnian government. B&H has been struggling.
Read the full report from Hurriyet Daily News: CLICK HERE
B&H Airlines (Sarajevo) is facing an uncertain summer season. Minority owner (49 percent) seized its Airbus A319 (TC-JLR) which was operating B&H’s major routes on February 27. It is now in storage in Istanbul. Flights to Amsterdam, Copenhagen, Göteborg, Stockholm, Vienna, Düsseldorf and Skopje have been cancelled. The two remaining ATR 72-202s are trying to maintain a limited schedule.
Turkish Airlines and the Bosnian government, which owns the remaining 51 percent, met on March 5 to try to resolve their differences. The government, which selected Turkish Airlines to be the flag carrier’s partner, is unhappy with how the airline is being operated by Turkish and the continuous financial losses.