BH Airlines resumes flights after Bosnian arm of Hypo Bank unblocks accounts.

By bne IntelliNews March 15, 2013
Bosnias flag carrier BH Airlines resumed regular flights on Wednesday, March 13, after Bosnian unit of Hypo Alpe-Adria-Bank International unblocked the companys accounts, daily Dnevni Avaz reported. In February, local arm of Hypo Alpe-Adria-Bank has blocked the accounts of BH Airlines over outstanding debt and delays in the payment of a leasing loan, via which the air carrier has bought two aircrafts. As a result, BH Airlines fleet has been grounded earlier in March. BH Airlines is solely owned by Bosnias Muslim-Croat Federation after Turkish airlines pulled out from a joint venture in June 2011 and transferred its 49% to the government.

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335