newstodate.aero
AUG 05, 2004 (newstodate): The Bulgarian state has announced that consortia will be allowed to bid in the forthcoming privatisation of state-owned carrier Bulgaria Air.
To be accepted, candidate airlines must have posted at least euro 100 million of revenues in aviation services, while the demand on candidate financial investor groups is management of more than euro 200 million of assets.
The succesful candidate can take up to 100 percent of the ownership of Bulgaria Air, and the conditions now announced preclude accept of bids from financial investors if more than four airlines take part in the bidding process.
To be accepted, candidate airlines must have posted at least euro 100 million of revenues in aviation services, while the demand on candidate financial investor groups is management of more than euro 200 million of assets.
The succesful candidate can take up to 100 percent of the ownership of Bulgaria Air, and the conditions now announced preclude accept of bids from financial investors if more than four airlines take part in the bidding process.