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Turkish Airlines to Sell Its Stake in Air Albania

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Turkish Airlines has announced the full sale of its stake in Air Albania, the airline it helped found in 2018. The decision was made by the Turkish company’s board of directors, although the reasons behind this move have not been disclosed.

Shareholding Composition and Origins of Air Albania

Air Albania was established in September 2018 as a joint venture between three entities:

This information comes from Albania’s National Business Center (QKB), which details the shareholding structure since its foundation.

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Air Albania’s Current Operations

The airline operates a small fleet of Airbus A320 aircraft, focused on European routes connecting approximately a dozen destinations. Although its network is limited, it has maintained a constant presence in the regional market since its creation.

No Defined Buyer

So far, it has not been revealed who might acquire Turkish Airlines’ stake in Air Albania. The Turkish airline has not offered additional details about the sales process or potential interested parties.

Turkish Airlines’ New Ventures

While divesting from Air Albania, Turkish Airlines continues with its international expansion strategy. The company has expressed its intention to acquire a significant minority stake in Air Europa, a Spanish operator with a strong presence on transatlantic routes.

This move marks a shift in Turkish Airlines’ strategy, which appears to be redirecting its efforts towards broader and more consolidated markets. Although the exit from Air Albania raises questions, it also opens the door for new dynamics in regional aviation.

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