You may have heard of such carriers as Air Malta, Air Italy, Air Serbia… But have you heard of Air Albania? The proposed new national carrier for Albania, a small country in southern Europe, is expected to begin operations within weeks. It is a joint venture between Turkish Airlines, which will hold a 49% stake in the new airline, and other investors. Turkish Airlines have been assisting Albania in setting up its new national carrier, as it previously did with Bosnia and Herzegovina’s flag carrier Air Bosna. Why are airlines like Turkish or Etihad venturing out of their comfort zone into foreign airline ownership, particularly in the Balkans?
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