|  
  |  
  |  
  |  
  |  
  |  
  |  
  |  
18 April 2014, Friday
 
 
Today's Zaman
 
 
 
 

Turkish Airlines to quit Bosnia joint venture

14 June 2012, Thursday /REUTERS
Turkey's national carrier Turkish Airlines will pull out of a joint venture with Bosnia's flag carrier BH Airlines and transfer its stake to the government free of charge, a top official of the Bosnian carrier said on Thursday.

"We have reached mutual understanding to break the contract on the joint venture and transfer the Turkish Airlines' stake to the Federation government," Goran Jovanovic, president of the BH Airlines supervisory board, told Reuters.

Turkish Airlines had in 2008 acquired a 49 percent stake in the carrier, owned by the government of Bosnia's Muslim-Croat federation, for 9.5 million Bosnian marka ($6.1 million). It has invested 37 million marka since.

 
 
BUSINESS  Other Titles
Central bank head denies reports that he resigned
Turkey signs FTA with Malaysia, looks to boost trade volume
Tough year ahead for Turkish banks, Fitch says
Competition Authority investigation of THY to resume soon
Cut off from the world, Gazans consumed by poverty
Galatasaray to pay $35 mln in tax penalty
EU agrees to Putin's call for gas security talks
Twitter: No current deal to open office in Turkey
Ankara says Russia's South Stream pipeline could run to Turkey
Turkish central bank meeting eyed for signs of political meddling
Turkish cement firms eye assets after Holcim-Lafarge merger
CHP raises issue of irregularity in loans for Sabah-ATV sale
TUSKON key in trade with Turkey, top Russian group says
Number of job seekers hits 10-year high
Gül attends event of group labeled ‘traitors' by Erdoğan
'Banning social media disaster for any government's global image'
Pakistan publishes list to embarrass tax cheats into paying up
Turkish schools help to enhance trade relations with Africa
Unemployment rate sees decrease year-on-year in Jan
Pegasus Airlines to start flights to Bahrain
...
Bloggers