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Albania’s first air carrier Air Albania has been established as a joint-venture between two Albanian companies and Turkish Airlines (THY), Dünya newspaper reported.
Turkish Airlines assisted the newly-launched project which was announced by Albania's Prime Minister Edi Rama in May, at all levels, the daily said.
Albcontrol, a public company under the auspices of the Albania’s Ministry of Finance and Economy, and Tirana-based MDN Investment will hold the controlling share in the new company of at least 51 percent, while Turkish Airlines will take the remaining 49, according to Albanian media.
The Turkish air carrier joined the project following a joint decision between Rama and Turkish President Recep Tayyip Erdogan announced in July of last year.
The new airline aims to effectively unite the growth potential of Albania’s aviation sector and the global experience of Turkish Airlines with the new air carrier is set to offer flights this summer to Skopje, Pristina, Podgorica, Sarajevo, and Zagreb, as well to Western Europe, the newspaper said.
Turkish Airlines previously bought 49 percent of the shares of Bosnia's flag carrier BH Airline. The country, under the leadership of Erdoğan in the last 15 years, has made significant investments in the Balkans, which it considers a part of its sphere of influence dating back to the Ottoman-era.