Air Albania launches maiden flight on September 15

Air Albania has announced the maiden voyage of it airline from the Tirana Mother Teresa Airport, on Sept. 15, 2018, the company said.

Albania´s first national airline company is a joint venture with Turkey´s flag carrier Turkish Airlines (THY).

Albanian Prime Minister Edi Rama, Turkey´s ambassador to Tirana Murat Ahmet Yöruk and Albanian ministers as well as officials from Turkish Airlines participated in a ceremony at Tirana´s Mother Teresa Airport.

In a statement sent to Turkey´s Public Disclosure Platform (PDP), an electronic system through which electronically signed notifications required by capital markets and Borsa Istanbul (BIST) regulations are publicly disclosed, Turkish Airlines said the new company will operate in the field of passenger and cargo transportation.

The flag carrier said stakes of 49 percent, 41 percent and 10 percent are being held respectively by Turkish Airlines, MDN Investment SHPK and Albcontrol, which manages Albania´s airspace and air traffic, representing the government of Albania.

Turkish Airlines had a market value of 24.8 billion Turkish liras (USD 3.9 billion), based on stock exchange figures, as of the market close on Wednesday, Sept. 12.