ATW Daily News

THY's Bosnian acquisition finalized

Wednesday December 24, 2008

Turkish Airlines said it signed an agreement Monday to purchase a 49% stake in Bosnian flag carrier B&H Airlines (ATWOnline, Oct. 13). The Bosnian government will continue to hold 51%. Under a first stage, THY will invest €5 million ($7 million) on the lease of two additional aircraft (one 737 and one Airbus type) for B&H, with an additional €5 million injection to follow, Reuters reported.

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