Thursday, September 29, 2016

B&H Airlines liquidated

NEWS FLASH


A Sarajevo court has officially placed B&H Airlines into liquidation, more than a year after it ceased operations and had its Air Operator’s Certificate (AOC) revoked. Employees still working at the company will be dismissed next week and will not be eligible for unpaid wages and contributions. The carrier has amassed significant debt over the years, which currently stands at 21.8 million euros. The airline owes 12.9 million euros to the asset company HETA for the financial lease of two ATR72 aircraft, 3.2 million to Sarajevo Airport, as well as 2.1 million euros to foreign providers.
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