Turkish Airlines signs Bosnia carrier deal

Turkish Airlines (THYAO.IS) signed on Monday a deal to buy a 49 percent stake in Bosnia's Muslim-Croat federation flag carrier BH Airlines.

Turkish Airlines signs Bosnia carrier deal
Under the deal Turkish Airlines will cover the 5 million euros ($6.98 million) cost of leasing two aircraft and invest an additional 5 million euros into BH Airlines, its Chief Executive Temel Kotil said.

Turkish was picked as the best bidder in an auction for BH Airlines in October. The federation government owns a 51 percent stake in the company.

Reuters
Last Mod: 22 Aralık 2008, 16:49
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