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Balkan Bulgarian Airlines Балкан
IATA
ICAO
Callsign
LZ
LAZ
BALKAN
Founded
29 June 1947 (1947-06-29)[1]
Commenced operations
July 1947 (1947-07)[1]
Ceased operations
2002 (2002)
Hubs
Sofia
Focus cities
Burgas
Plovdiv
Varna
Headquarters
Sofia, Bulgaria
Balkan Bulgarian Airlines (Bulgarian: Балкан) was Bulgaria's government-owned flag carrier airline[2] between 1947 and 2002. During the 1970s, the airline became a significant European carrier. The company encountered financial instability following the fall of communism in Central and 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).
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^"Синдиците на "Балкан" издадоха заповед за прекратяване на полетите на авиокомпанията" [An order to stop all Balkan flights was issued] (in Bulgarian). Econ.bg. 30 October 2002. Archived from the original on 8 July 2013.
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