Turkish Airlines buys 49 percent of Bosnian company
Turkish Airlines (THY), Turkey's national air carrier, announced yesterday that it had bought 49 percent of Bosnian Airlines (B&H Airlines).
In a written statement, THY said the partnership agreement was signed after the Bosnian government approved the sale. The sale was approved on Nov. 23, but THY Chairman Candan Karlıtekin said they continued talks with their Bosnian counterparts to finalize the sale. THY is expected to have three representatives on the B&H Airlines executive board and does not plan to go beyond the 49 percent share. The company expects to increase flights between Balkan countries. A Star Alliance member, THY carried 19.65 million passengers last year across a network of 107 international and 32 domestic destinations.