Bulgaria Sells Flag Carrier To Local Investors Hemus Group
The Bulgarian government confirmed that it would sell 99.99% of flag carrier Bulgaria Air to Balkan Hemus Group, a private, Varna-based company that already controls airline Hemus Air. Balkan Hemus offered BGN13 million (US$8.5 million) and pledged to invest a little more than $100 million in five...
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