Saturday, September 5, 2015

German company in B&H takeover talks


Central German Tourism Development Company eyes B&H stake

The Central German Tourism Development Company is in talks with the Federation Government of Bosnia and Herzegovina for the takeover of its ailing carrier B&H Airlines, which has been grounded since July. The German company, set up in May this year and based in the city of Weimar, is prepared to take over B&H's employees and debts, according the Federal government. "The German company MD Mitteldeutsche Tourismus Entwicklungsgesellschaft mbH is prepared to take over B&H Airlines, including the company's debts. Our aim is for B&H Airlines to keep its name and save jobs, as well as for the company to recover. We are on the right path to find a solution to this problem", Denis Lasić, the Federal Minister for Transport and Communication said.

At a government meeting in Mostar on Thursday, it was concluded that B&H Airlines is incapable of paying off its debts and that talks with the Central German Tourism Development Company should continue in a joint effort by the Ministry of Transport and Communication, the Ministry of Finance and the Office of the Federal Prime Minister. The German company is said to have expressed "overwhelming" interest to take over B&H. Furthermore, the government is seeking a solution to deliver unpaid wages to B&H employees. A part of the airline's workforce has been transferred to Sarajevo Airport, which is need of additional staff.

B&H Airlines has been grounded since July 2 after the country’s regulator suspended its Air Operator’s Certificate (AOC) on a temporary basis until October. The move came in response to the airline’s dire financial state and mounting debt, which ballooned to 20.3 million euros by the end of 2014, and has since  increased further. Last week, the Federation’s Prime Minister, Fadil Novalić, confirmed that investors from Germany have shown interest in the fledgling carrier. B&H Airlines was set up in 2005 on the foundations of Air Bosna, which also went bankrupt after amassing significant debt. The Deputy Federal Minister for Transport and Communication, Amadeo Mandić, believes a solution to B&H’s problems will be found, which will offer consumers a new and improved product. “I personally think we will come to a positive outcome which will be in favour of employees, as well as the passengers and citizens of Bosnia and Herzegovina”, Mr Mandić said recently.

30 comments:

  1. This German company seems fishy.

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  2. Good news. I hope they actually do something smart with this airline. There is a lot of potential there and Bosnia is a very underserved market.

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  3. What's actually on sale here?

    AOC , slots ?

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    1. I doubt anything will be sold. They will get AOC, slots, two planes for free under the condition they pay the 20 mill debt.

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    2. The two planes are on lease from what I know. I heard it is very unfavorable too.

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  4. Kill the airline once and for all. Invite a Low Coster and move on. simple as that.

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  5. Have this company so much money to develop an airline such as new airplanes?

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  6. Anon 10:43... ja čitao juče o ovome u BiH... svježa je vijest... nemoj lupetat

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  7. Anyone know more about this German company?

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    1. German company records says it is travel agency so probably we have a new Air Croatia and Sea Air which are selling tickets without holding an AOC and charter aircrafts from different EU carriers.

      I have read before he in comments about new ticket seller named Air Bosna which will charter aircraft from Germany but dont know if this is same, otherwise we will have 2 Air Bosna both in Germany :-)

      http://www.infobel.com/de/germany/md_mitteldeutsche_tourismus_entwicklungsgesellschaft_mbh/weimar/03643771230/businessdetails.aspx

      Can also be a scam set up by bosnians connected to government to steal some more money from the state in typical balkan fashion

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    2. Seems to be Russians

      http://firma-24.de/pavel-loburenko-mep-handelsgesellschaft-gmbh-coudraystra%C3%9Fe-weimar

      and the telephone number goes to lawfirm in Frankfurt

      http://www.ra-dotterweich.com

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    3. Air Bosna has been flying in Dubai - Middle East, Africa, old SSSR since 2011 (or 2012).
      Don't hang me on it, but this may be same Bosnian owner of old Icar Air. ...and it is all about having one European AOC. Those planes were only ones in Tuzla in order to get registered...

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  8. Boga pitaj kakvi su ovo jadnici, kad vide nesto dobro u rupi bez dna "kompanija" BH Airlines.
    Svako zna da nije bila Lufthansa ili Air Berlin u pitanju jer to su ozbiljne kompanije i sta ce njima jedna obiteljska firma gdje tetke i strine rade kao stuardese a amidza, stric, tata i brat kao piloti a djeca na zemlji s nekim poslicima dok ostali sjede i prde u nekoj kancelariji i kao idu na "posao".
    Sta ce dobiti od ovi? Dva Saab 340? I dalje nece imati putnika a Saab 340 nece moci konkurirati sa Boeing 737 i Airbus A319/20/21 i zato sto ostaju isti ljudi tamo gdje se planira destinacije opet ce biti idiotske destinacije kao Kopenhagen sa Saab 340.
    Najbolje je ugasiti ovu rupu bez dna i dovesti WizzAir u Sarajevo i ukinuti takse, sta Aerodrom Sarajevo vise glumi i pravi se maneken, ako je jedan Skopje doveo WizzAir i 3 (!) aviona a i dalje zadrzao obicne kompanije i jos ima duplo vise putnika od Sarajeva sto onda nece Sarajevo to isto napraviti.
    Skopje ide svaki mjesec skoro (ako vec ne svaki) +100 000 putnika dok se ovi raduju sto ce dogurati 800 000 sto nije nista ako uporedis sa velikim aerodromima u regiji.

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    1. well said- absolutely nothing to add

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  9. Em što ima parazita u toj kompaniji ali što ih ima na aerodromu u Sarajevu. Blokiraju razvoj aerodroma, stite lufthansu i ne daju novim kompanijama da lete odatle. Kada se saseku paraziti možda se i nešto desi

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  10. OT: Thomas Cook will start BRU-OHD seasonal charters
    (more info next week)

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  11. OT: New Zagreb Airport terminal

    https://scontent.xx.fbcdn.net/hphotos-xpa1/v/t1.0-9/10646644_982232288485225_430951646810491922_n.jpg?oh=3ba31e3bf81bdfd18e69157263891e8c&oe=566A4F85

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  12. Drago bi mi bilo da naprave normalnu kompaniju i da jedina uz ASL ima kupca .
    INN-NS

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    1. Znaci nadas se da nitko od drugih ne nade kupca? Strasan si.

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  13. OT does someone knows where to buy tickets for derby partizan crvena next 12sep
    Online or in BEG. 2 friends fm CH are travelling to BEG next week. Hvala

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    1. Ima na blagajnama stadiona ali treba neki licni dokument cini mi se :)

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    2. Hvala INN. Game not sold out? Can they get easy ticket there or risky? Where do they play? Marakana or Partizan stadium?

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    3. Igraju na Stadionu Rajko Mitic (ex Marakana) ja znam za prosli derbi sam karte uzeo u Novom Sadu karte samo ce im trebati licna Karta ili Pasos posto se upise ko kupi karte .
      Original su karte na blagajnama.
      I ima solucija preko Fudbalskog Saveza Ticketline online na sajtu fss.rs tako znam da ide kad igra reprezentacija:)
      INN-NS

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    4. Mozete kupiti karte na www.iticket.rs od srede 9.9.

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    5. Thanks guys, appreciated
      good night fm ZRH

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  14. Дечко ТзарSeptember 6, 2015 at 4:51 AM

    ot: thread on Air Serbia making long haul decision on Sept 17 (with link to ex yu aviation article in first post) made it to the front page of airliners.net! congrats ex yu admin, that doesn't happen every day!

    ReplyDelete

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