Bulgaria Air is the flag carrier airline of Bulgaria, with its head office on the grounds of Sofia Airport.
The airline was established in 2002 as a successor to the insolvent Balkan Bulgarian Airlines. By order of the Government it was declared the national flag carrier in November 2002. Bulgaria Air was privatised in 2006; although it was rumoured that the government wanted to sell the carrier to a major foreign investor, a union of locally-owned companies, led by Hemus Air, emerged as the buyer with Italian Air One being the only other contender. Since then all flights and operations of Hemus Air and its subsidiary Viaggio Air are under name and management of the merged company, Bulgaria Air.
Source: Wikipedia
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