Tripoli based Buraq Air (UZ), a private Libyan airline that operates scheduled domestic and international services to Europe, North Africa, and the Middle East, has been tipped as the most likely candidate to acquire a 49% in Bosnian airline BH Airlines (JA). |
| One of BH Airlines' two ATR72s |
Currently, the airline is jointly owned by the government of the Federation of Bosnia and Herzegovina (99.93%) and private entity, Energoinvest (0.07%). A previous 49% shareholding was held by Turkish Airlines (TK) until June this year when the deal went sour following a difference in opinions on the carrier's future.
According to reports out of the former Yugoslavia, the Libyan carrier is said to be prepared to heavily invest in the Bosnian
carrier with plans having already been presented to the Bosnian government. However, in order to avoid a repeat of its failed Turkish Airlines partnership, the
Bosnian government will draw up a contract specifying the exact roles of each part owner.
Official talks with Buraq Air are set to begin next week.