Wednesday, June 13, 2012

Peaceful parting

Government to approve Turkish exit
The Federation government of Bosnia and Herzegovina is set to approve Turkish Airlines’ exit from its 49% stake in the Bosnian national carrier, B&H Airlines, this week and take over all of the airline’s shares. The government is looking to make the “divorce” between B&H and Turkish Airlines as painless as possible so as not to have an impact on passengers or the carrier’s employees, which have been caught in the middle of the spat that has lasted for half a year between the two sides. Up for discussion will be code share agreements between the two carriers as well as other arrangements the two companies had over the past four years such as staff sharing at foreign airports.

The main objective of the newly appointed management at B&H Airlines will be to boost passenger numbers and revenues while at the same time decrease costs. For the time being, the airline will have to do so with a single aircraft. In the first quarter passenger numbers decreased 43%. The government will also have to decide whether it will try to find a new partner for the carrier. However, such a move is unlikely to come immediately, despite informal talks with potential investors. The Bosnian government has ruled out any possibility for it to become a minority stake holder in the company, meaning it will hold on to its 51% share in any future arrangement.

In late 2008, Turkish Airlines took over a 49% share in B&H. By May 2010 it provided the airline its first jet engine aircraft, a Boeing 737-400, allowing it to launch flights to Vienna, Prague, Berlin, Copenhagen, Stockholm, Gothenburg and Dusseldorf. However, this hasty expansion led to the termination of flights to Prague and Berlin due to poor interest. Similarly, newly introduced flights to Podgorica were also cancelled. In 2010 the B737-400 was replaced with an Airbus A319. The airline continued to expand with new flights to Amsterdam, Belgrade and Zagreb, with the latter two cancelled shortly after. In 2011, the airline cancelled its flights to Vienna, Dusseldorf, Stockholm and Gothenburg. The relationship between Turkish Airlines and the Bosnian government deteriorated after the New Year with the A319 taken back by Turkish Airlines leading to the suspension of its popular Amsterdam flights and the grounding of an ATR72. Now, a new chapter begins for B&H Airlines.

12 comments:

  1. Our government is strapped for cash as it is. I don’t get how they are now going to fully finance BH? Also not wanting to sell a majority stake is a turn off to most interested buyers.

    ReplyDelete
  2. Maybe we should adopt the Macedonian model. Subsidise someone like Wizz and let them do the rest.

    ReplyDelete
    Replies
    1. You can merge also with YM and appoint it for your flag carrier. They have new fleet and enjoy respect among passengers, but suffer from overcapacity. I think YM should concentrate on bosnian market and fly from SJJ directly or a as a triangle service TGD-SJJ-EU. This can be a solution for you.

      Wish you all the best from Macedonia

      Delete
  3. KONACNO ! AKO JE OVAKVA SITUACIJA BILA SA TURKISH AIRLINES, ONDA JE PUNO BOLJE BEZ NJIH. OCEKIVANJA SU BILA VELIKA ALI OCIGLEDNO IMA NESTO SUPLJE I U DRZAVI TURSKOJ TJ. TURKISH AIRLINESU. POSTAVILI SU CIJELU UPRAVU KAKO NJIMA ODGOVARA, DRZALI SVE KONCE U SVOJIM RUKAMA - OD FINANCIJA DO FLOTE, I STA JE BILO !?!?? OTVORENIH 10-12 NOVIH LINIJA I ISTO TOLIKO ZATVORENIH. MAESTRALNO IZVEDENO. STO SE TICE OSTATKA SARADNJE KAO STO JE CODE SHARE - UKOLIKO SE TO UKINE - ONDA TO NECE BITI SPORAZUMAN RAZVOD NEGO JAKO IZRECENO NEPRIJATELJSTVO. A ONDA IH TREBA UTUZITI ZA SVU BOL NANESENU I NESAVJENO POSLOVANJE. A NACI CE SE VEC NEKO ZA POSLOVNE SPORAZUME. OTVORENO NEPRIJATELJSTVO SAMO OD SEBE JE POCELO NENAJAVLJENIM UVODJENJEM DODATNIH FREKVENCIJA THY. KOLIKO JA ZNAM,TAKO PARTNERI MEDJUSOBNO NE KOMUNICIRAJU.

    ReplyDelete
  4. Zar opet ova vest? Dokle?!

    ReplyDelete
  5. One plane company, come on :/

    ReplyDelete
  6. .....Ja cu iskreno reci sada R.I.P BH airlines.:( ne znam dokle bre vise ovako, i sta ce na karju da bude sa ostalim.:(

    ReplyDelete
  7. Unistili su i ono malo bh airlines-a sto je valjalo prije njih, uveli svoje dodatne linije za SJJ a nama dali najgori moguci slot za IST toliko o lijepoj i dragoj THY avio kompaniji

    ReplyDelete
    Replies
    1. sta se ljutite, pa braca ste

      Delete
  8. Money talks bs walks. Hey balkaners when you gonna learn that?

    ReplyDelete
  9. Dragi drugovi,
    posto je ovo blog-forum o bivsoj YU avijaciji , ja stvarno ne znam koje PM pisete na engleskom. Sta se citekur, piste na HRV-SRP-BOS-MAK-SLO-MNE pa da vas svi razumemo. Mislim da i bivsi pokrajinci SAPK i SAPV razumiju ove jezike.
    Sad nam je jasno sta bi se sa Jatom dogodilo da su Turci usli u vlasnistvo. Eno nam Aerodrom Kraljevo, jeblo nas ono, udjose sa 10 miliona EUR i sad mozemo nagadjati sta ce se desiti.

    ReplyDelete
  10. zaboravio si i drugarice, pa kao u stara vremene

    ReplyDelete

Before posting a comment be mindful of other participants and readers. EX-YU Aviation News does not tolerate insults, excessive swearing, racist, homophobic or any other chauvinist remarks or provocative posts with the intention of creating further arguments. Such comments will be deleted as soon as possible. The opinions expressed by those providing comments are theirs alone, and do not reflect the opinions of EX-YU Aviation News. Thank you for your cooperation.