B&H Airlines

B&H Airlines
IATA ICAO Callsign
JA[1] BON AIR BOSNA
Founded 1994 (as Air Bosna)
Ceased operations 2 July 2015
Hubs Sarajevo International Airport
Fleet size 1
Destinations 3
Company slogan Fly B&H Airlines
Parent company Government of Bosnia and Herzegovina (99.93%)
Headquarters Sarajevo, Bosnia and Herzegovina
Key people Amir Jažić, CEO
Website bhairlines.ba

B&H Airlines, d.o.o. was[2] the flag carrier of Bosnia and Herzegovina with its head office in Sarajevo.[3] It operated scheduled and charter passenger services as well as small cargo services from its home base at Sarajevo International Airport.[4]

History

Early years

The logo of Air Bosna, B&H Airlines' predecessor
A former Air Bosna McDonnell Douglas MD-80 in 2002

The airline was founded on 12 August 1994 as Air Bosna.[5] In the autumn of 2003, the airline ceased operations due to inability to repay its debt. It remained defunct until May 2004, when the Government of Federation of Bosnia and Herzegovina promised to revive it. In June 2005 it restarted operations as B&H Airlines, operating a pair of ATR-72 aircraft.

In late 2007, the Bosnian government announced it was to sell shares in B&H Airlines.[5] On 23 February 2008 it was reported that Turkish Airlines was in negotiations to buy the airline,[6] and on 30 March 2008 that Croatia Airlines was also interested in a stake.[7] The government of the Federation of Bosnia and Herzegovina also invited Comintel and MyAir (in addition to Turkish Airlines and Croatia Airlines) to recapitalise the airline.[8]

Bids were received from Turkish Airlines, Malaysia's Comintel Corporation and a Jordanian consortium, which included Royal Jordanian.[9] On 29 October 2008, the Bosnian government announced that Turkish Airlines had been picked as the best bidder in an auction for B&H Airlines shares.[10] Turkish Airlines proposed to sub-lease B&H Airlines two Boeing aircraft, if requested by the airline, and in return for 49% of the shares of the company, covered the lease payments of the Boeing aircraft and participated in capital increase decisions.[10] However, in June 2012 Turkish Airlines ended the joint venture[11] following which the government of Bosnia and Herzegovina gave the airline a cash injection of €3.5 million.[12]

Development since 2012

As of mid-2012, the airline was jointly owned by the government of the Federation of Bosnia and Herzegovina (99.93%) and Energoinvest (0.07%), after the government's purchase of a former joint stake by Turkish Airlines (49%).[4] In April 2013 the airline had to cancel flights when its only airworthy ATR 72 aircraft was withdrawn for maintenance. Its other ATR 72 had been previously grounded for similar maintenance.[12]

In June 2015, the Federation government of Bosnia and Herzegovina decided to liquidate the carrier. The Federal Minister for Transport and Communication, Denis Lasić, said that the best option would be for the airline to declare bankruptcy. “They [B&H Airlines] have eaten up everything they had and now they are in a situation where they must redirect all state funding to HETA”. B&H has some eight million euros worth of debt owed to HETA, the asset management company, for the financial lease of its two ATR 72s. The Minister added, "I have held talks with the Prime Minister Fadil Novalić and the conclusion is to liquidate the carrier."[13] B&H Airlines owed the airport of Sarajevo over 3,5 million Euros and the lessor of their aircraft over 7,5 million Euros.[14] The total debt was over 17 million US-Dollars at the time of closure.[2]

The airline flew its last commercial service on 11 June 2015.[15] The company's Air operator's certificate was revoked on 2 July 2015.[16]

Destinations

As of March 2015, B&H Airlines operated scheduled flights to the following destinations:[17]

Bosnia and Herzegowina
Switzerland

Fleet

Current fleet

B&H Airlines ATR 72-212

As of the time of closure, the B&H Airlines fleet consisted of the following aircraft:[18]

B&H Airlines Fleet
Aircraft In Fleet Orders Passengers
ATR 72–212 1 — 66

Historic fleet

B&H Airlines formerly operated a single Boeing 737-400.

Previously, B&H Airlines operated the following aircraft:[19]

Statistics

Passenger numbers[20]
2005 2006 2007 2008 2009 2010 2011 2012201320142015 Q1
24.906 59.792 68.222 61.904 87.158 138.241 129.435 59.697 31.705 35.6063.604
Increase 140,1% Increase 14,1% Decrease 9,2% Increase 40,8% Increase 58,6% Decrease 6,7% Decrease 53,6% Decrease 46,9% Increase 12,3% Decrease 42,3%

See also

References

  1. ↑ "IATA - Airline and Airport Code Search". iata.org. Retrieved 11 April 2015.
  2. 1 2 ch-aviation.com - Sarajevo to shut down B&H Airlines citing mounting debts 1 July 2015
  3. ↑ "Headquarters Archived 4 March 2010 at the Wayback Machine.." B&H Airlines. Retrieved on 10 March 2010. "PE “B&H Airlines“ Limited Liability Company Hamdije Čemerlića Street 2/16, 71 000 Sarajevo Energoinvest Building"
  4. 1 2 Flight International 27 March 2007
  5. 1 2 "Public invitation for expressions of interest in recapitalization of the Public Company "B&H Airlines" d.o.o. Sarajevo" (PDF). Archived from the original (PDF) on 11 April 2008. Retrieved 9 March 2008.
  6. ↑ "THY is in discussions with Air Bosna for possible acquisition". Hürriyet. 23 February 2008. Retrieved 9 March 2008.
  7. ↑ "Croatia Airlines - ch-aviation.com". ch-aviation. Retrieved 24 April 2015.
  8. ↑ "Partnerstvo Croatia i BH Airlinesa?". Vjesnik. 29 February 2008. Archived from the original on 5 May 2008. Retrieved 10 April 2008.
  9. ↑ Turkish Airlines Best Bid For BH Airlines - Corporate Financing Week Archived 12 April 2010 at the Wayback Machine.
  10. 1 2 "Turkish Airlines picked bidder for Bosnia carrier- gov't". Hurriyet Daily News. 30 October 2008. Retrieved 22 February 2009.
  11. ↑ "Bosnia's BH Airline Grounded Over Debt". Retrieved 6 March 2013.
  12. 1 2 "B&H Airlines", Airliner World: 7, June 2013
  13. ↑ http://www.exyuaviation.com/2015/06/bosnian-government-to-liquidate-b.html
  14. ↑ http://www.aerotelegraph.com/bosnien-schliesst-seine-nationalairline-bh_airlines
  15. ↑ "More Bosnian Bother". Airliner World. September 2015. p. 9.
  16. ↑ "Aircraft Operations". bhdca.gov.ba. Retrieved 4 July 2015.
  17. ↑ "Winter timetable (Effective 26 October 2014–28 March 2015)" (PDF). B&H Airlines. Archived from the original (PDF) on 14 May 2015. 
  18. ↑ "BH Airlines Fleet Details and History". planespotters.net. 25 April 2015. Retrieved 25 May 2015.
  19. ↑ BH Airlines at rzjets.com, retrieved 13-12-2014
  20. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 4 March 2014. Retrieved 27 February 2014.

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Coordinates: 30°55′04″N 29°41′47″E / 30.9178°N 29.6964°E / 30.9178; 29.6964

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