Balkan Bulgarian Airlines

Balkan Bulgarian Airlines

Balkan Airlines (Bulgarian: Балкан) was Bulgaria's government-owned flag carrier between 1947 and 2002. During the 1970s, the airliner became a significant European carrier. The company encountered financial instability following the fall of communism in 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 (2002-10). Bulgaria Air was appointed Balkan's successor in December 2002 (2002-12).

Read more about Balkan Bulgarian Airlines:  Fleet, Accidents and Incidents

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