B&H Airlines
Template:Short description Template:Distinguish Template:Infobox airline
B&H Airlines d.o.o. was the flag carrier of Bosnia and Herzegovina with its head office in Sarajevo.<ref>"Headquarters Template:Webarchive." B&H Airlines. Retrieved on 10 March 2010. "PE "B&H Airlines“ Limited Liability Company Hamdije Čemerlića Street 2/16, 71 000 Sarajevo Energoinvest Building"</ref> It operated scheduled and charter passenger services as well as small cargo services from its home base at Sarajevo International Airport.<ref name="FI">Flight International 27 March 2007</ref> It ceased operating in June 2015. <ref name="ch-aviation"/>
HistoryEdit
Early yearsEdit
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The airline was founded on 12 August 1994 as Air Bosna.<ref name=Privatisation>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In the autumn of 2003, the airline ceased operations due to inability to repay its debt. It remained defunct until May 2004, when the Government of the Federation of Bosnia and Herzegovina promised to revive it. In June 2005, it restarted operations as B&H Airlines, operating a pair of ATR-72 aircraft.
In late 2007, the Bosnian government announced it was to sell shares in B&H Airlines.<ref name=Privatisation/> On 23 February 2008, it was reported that Turkish Airlines was in negotiations to buy the airline,<ref>Template:Cite news</ref> and on 30 March 2008, Croatia Airlines was also interested in a stake.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The government of the Federation of Bosnia and Herzegovina also invited Comintel and MyAir (in addition to Turkish Airlines and Croatia Airlines) to recapitalise the airline.<ref>Template:Cite news</ref>
Bids were received from Turkish Airlines, Malaysia's Comintel Corporation and a Jordanian consortium, which included Royal Jordanian.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> On 29 October 2008, the Bosnian government announced that Turkish Airlines had been picked as the best bidder in an auction for B&H Airlines shares.<ref name=Hurriyet>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Turkish Airlines proposed to sub-lease B&H Airlines two Boeing aircraft, if requested by the airline, and in return for 49% of the shares of the company, covered the lease payments of the Boeing aircraft and participated in capital increase decisions.<ref name=Hurriyet/> However, in June 2012, Turkish Airlines ended the joint venture<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> following which the government of Bosnia and Herzegovina gave the airline a cash injection of €3.5 million.<ref name="AW">Template:Citation</ref>
Developments since 2012Edit
As of mid-2012, the airline was jointly owned by the government of the Federation of Bosnia and Herzegovina (99.93%) and Energoinvest (0.07%), after the government's purchase of a former joint stake by Turkish Airlines (49%).<ref name="FI"/> In April 2013, the airline had to cancel flights when its only airworthy ATR 72 aircraft was withdrawn for maintenance. Its other ATR 72 had been previously grounded for similar maintenance.<ref name="AW"/>
In June 2015, the Federation government of Bosnia and Herzegovina decided to liquidate the carrier. The Federal Minister for Transport and Communication, Denis Lasić, said that the best option would be for the airline to declare bankruptcy. "They [B&H Airlines] have eaten up everything they had and now they are in a situation where they must redirect all state funding to HETA". B&H has some eight million euros worth of debt owed to HETA, the asset management company, for the financial lease of its two ATR 72s. The Minister added, "I have held talks with the Prime Minister Fadil Novalić and the conclusion is to liquidate the carrier."<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> B&H Airlines owed the airport of Sarajevo over 3,5 million Euros and the lessor of their aircraft over 7,5 million Euros.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The total debt was over 17 million US-Dollars at the time of closure.<ref name="ch-aviation">ch-aviation.com - Sarajevo to shut down B&H Airlines citing mounting debts 1 July 2015</ref>
The airline flew its last commercial service on 11 June 2015.<ref>Template:Cite magazine</ref> The company's Air operator's certificate was revoked on 2 July 2015.<ref name=bhdca.gov.ba>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
DestinationsEdit
Template:As of, B&H Airlines operated scheduled flights to the following destinations:<ref name="destinations">{{#invoke:citation/CS1|citation |CitationClass=web }} </ref>
- Bosnia and Herzegowina
- Switzerland
FleetEdit
As of the time of closure, the B&H Airlines fleet consisted of one ATR 72–212 seating 66 passengers.<ref name=planespotters>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Historic fleetEdit
Previously, B&H Airlines operated the following aircraft:Template:Cn
- Airbus A319-100
- ATR 42
- Boeing 737-200
- Boeing 737-400
- CASA C-212 Aviocar
- Fokker 50
- McDonnell Douglas MD-80
- Yakovlev Yak-42
StatisticsEdit
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}}</ref> | ||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| 24,906 | 59,792 | 68,222 | 61,904 | 87,158 | 138,241 | 129,435 | 59,697 | 31,705 | 35,606 | 3,604 |
| Template:Profit 140.1% | Template:Profit 14.1% | Template:Loss 9.2% | Template:Profit 40.8% | Template:Profit 58.6% | Template:Loss 6.7% | Template:Loss 53.6% | Template:Loss 46.9% | Template:Profit 12.3% | Template:Loss 42.3% |
See alsoEdit
- Sarajevo International Airport
- Banja Luka International Airport
- List of airports in Bosnia and Herzegovina
- Turkish Airlines
ReferencesEdit
External linksEdit
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Template:Portalbar Template:Airlines of Bosnia and Herzegovina