Libya's Buraq Air is said to be the likeliest candidate to take over a 49% stake in the Bosnian-based B&H Airlines.
Ex-Yu Aviation News reports that a contract will be drafted specifying the exact roles of each part owner so as to avoid a repeat of the failed Turkish Airlines partnership. Official talks with Buraq Air are set to begin next week.
The Libyan airline is based in the capital Tripoli. With nine aircraft it operates flights to seven cities. Its destination network use to be significantly larger prior to the Libyan civil war in 2011 with Sarajevo being one of its destinations. The strength of a potential partnership with Buraq would likely be that it wouldn’t use B&H as a feeder airline, rather, it would use it as its window to Europe.
(Sources: Ex-Yu Aviation News, Airliners.de)