NEWS FLASH
Bosnia and Herzegovina’s Council of Ministers has approved emergency funding of up to 30.7 million euros for the country’s air navigation service provider BHANSA to ensure it can operate through to the third quarter of this year. This follows a financial crisis caused by the freezing of overflight revenue from Eurocontrol, which stems from an arbitration ruling in favour of Slovenian company Viadukt, which had sued Bosnia and Herzegovina over the unilateral termination of a concession agreement related to a hydropower project. The funding, treated as a loan, will be repaid once Eurocontrol unblocks BHANSA’s funds.