Bulgarian Air Transport

Balkan Airlines (Bulgarian: Балкан) was Bulgaria's government-owned flag carrierbetween 1947 and 2002. During the 1970s, the airliner became a significant European carrier. The company encountered financial instability following the fall of communism in Central and Eastern Europe. Despite managing to continue operations, following the start of the 21st century and a controversial privatisation, it declared bankruptcy in 2002. Balkan was liquidated in late October 2002. Bulgaria Air was appointed Balkan's successor in December 2002.

Subject ID: 17779

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Balkan Airlines (Bulgarian: Балкан) was Bulgaria's government-owned flag carrierbetween 1947 and 2002. During the 1970s, the airliner became a significant European carrier. The company encountered financial instability following the fall of communism in Central and Eastern Europe. Despite managing to continue operations, following the start of the 21st century and a controversial privatisation, it declared bankruptcy in 2002. Balkan was liquidated in late October 2002. Bulgaria Air was appointed Balkan's successor in December 2002.

Subject ID: 17779

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