Balkan Bulgarian Airlines, which has been grounded since February, is gradually resurrecting its network under the receiver appointed by the Bulgarian court.
The Bulgarian national carrier was grounded after the Israeli Zeevi group, which last year purchased a 75% stake in the airline, ceased funding amid claims the Bulgarian Government was not fulfilling its part of the agreement.
The receiver submitted a recovery plan that has enabled the resumption of a limited timetable using a single Tupolev Tu-154M. London was one of the first destinations to be re-introduced by Balkan from Sofia, but the airline has experienced poor loads. The receiver has now decided to add flights to Tel Aviv, which will begin on 31 May.
Source: Flight International
