Tags: Airline.
Balkan Airlines (Bulgarian: Балкан) was Bulgaria’s government-owned flag carrier between 1947 and 2002. During the 1970s the airliner became a significant European carrier. The company encountered financial instability following the fall of communism in 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).