Tuesday, March 5, 2013

Bosnian airline grounded over debt, faces bankruptcy-minister

SARAJEVO, March 5 (Reuters) - Bosnia's BH Airlines has been grounded and faces possible bankruptcy over an outstanding bank debt, a senior government official said on Tuesday. The Sarajevo-based carrier is solely owned by Bosnia's autonomous Muslim-Croat Federation, after Turkish Airlines pulled out of a joint venture in June last year and handed its 49-percent stake over to the government. Enver Bijedic, the Federation's minister for transport and communications, told Reuters that flights had been halted due to claims of some 7 million Bosnian marka ($4.6 million) by the Bosnian arm of Austria's Hypo Alpe Adria Bank. Read More:http://www.reuters.com/article/2013/03/05/bosnia-bhairlines-idUSL6N0BXF5Q20130305

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