newstodate.aero
Jan 18, 2006 (newstodate): A proposal on the privatisation of Bulgaria Air may emerge by next week, sources say.
The entire stake will be put up for sale to institutional investors who will be required to invest in a modernisation and expansion of the aircraft fleet and route network of the carrier.
Expectations are that the privatisation process including a tender will be completed by the autumn.
Bulgarian privately-owned carrier Hemus Air and Austrian Airlines have already officially confirmed their interest in Bulgaria Air.
The entire stake will be put up for sale to institutional investors who will be required to invest in a modernisation and expansion of the aircraft fleet and route network of the carrier.
Expectations are that the privatisation process including a tender will be completed by the autumn.
Bulgarian privately-owned carrier Hemus Air and Austrian Airlines have already officially confirmed their interest in Bulgaria Air.