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Turkish Airlines decides to sell 49% stake in Air Albania
2025-11-20 08:12:34 / EKONOMI&SOCIALE
Turkish Airlines has announced that it has decided to sell its entire 49% stake in Air Albania SHPK, Albania's national airline, according to Turkish media. (Haberler.com)
In an announcement published on the Turkish Public Transparency Platform (KAP), the company states: “Our board has decided to sell all of its stake in Air Albania SHPK, in which our company owns 49%. We will share important developments with investors soon.”
Air Albania was officially founded on May 16, 2018 as a public-private partnership between Albania and Turkey.
The airline had as its main shareholder the Turkish company Turkish Airlines (49.12%) and the remaining shares are shared by the Albanian state-owned company Albcontrol (~10%) and a private Albanian company MDN Investment (~41%).
The first regular flight took place on September 14, 2018, on the Tirana-Istanbul route.
In 2023, Air Albania managed to become the second largest operator in the country, with 7% of the market. But, in 2024, it dropped to third place, with a weight of 3.4% according to the number of passengers.
Competition from "Wizz Air" and "Ryanair" has affected this operator's activity in destinations other than Istanbul.
The company has never submitted a balance sheet. According to data from Taxes, the company's annual turnover was around 3.8 billion lek in 2021, reaching around 5 billion lek in 2022 and 5.5 billion lek in 2023.
In 2024, revenues are around 4 billion lekë, according to indirect data from Taxes. The company has historically resulted in losses./Monitor.al
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