This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
Europe has a new airline, one deemed so important for its country that the Prime Minister in person showed up at the inaugural ceremony on Friday.
It’s Air Albania, the new flag carrier of the nation just across the Adriatic Sea from Italy, where air traffic has grown by a huge 13.4% in the first half of this year — but with only a tiny Albanian-owned airline, Albawings. All other airlines serving this booming market of almost 3 million people, and a candidate for membership in the European Union, are based somewhere else. The previous Albanian flag carrier, Albanian Airlines, had folded in 2011.
Enter Turkish Airlines, which has made a strategic long-term investment in Albania, according to prime minister Edi Rama, who spoke at the Mother Teresa airport in Tirana (TIA) to welcome the airline’s first airplane.
Turkish news site Daily Sabah reports that Turkish Airlines owns 49% of the airline’s $30 million capital, with the rest held by Albanian investors. The decision to expand into Albania’s air transport market might have come from Turkish president Recep Tayyip Erdoğan himself: “We could not be here without the initiative and generous support of Erdoğan,” Rama said according to Daily Sabah.
Turkish Airlines board member Mithat Görkem Aksoy added, speaking at the ceremony, that “we will make much bigger investments in Albania.”
It’s not yet clear whether passengers will be able to collect Turkish Airlines’ Miles & Smiles currency on Air Albania. Its first destinations will be in nearby Balkan countries. It’s safe to predict that route expansion will target the places where most Albanians go: Italy, where a vast Albanian diaspora spread after the 1991 opening of the borders with the fall of Communism; London, another city where many Albanians live and work; and Istanbul, the home base of Turkish Airlines.
Turkish also provided Air Albania’s only aircraft, an 11-year old Airbus A319 taken from its own fleet.
Press photos from the inauguration show an A319 bearing the Turkish registration TC-JLR. A check of flight tracking site Flightradar24 indicates that it stopped flying for Turkish in late August and was flown to Tirana on September 14.
With the current economic crisis in Turkey coupled with the expected arrival of dozens of new single-aisle aircraft from this year until 2022, Turkish Airlines might soon find itself with some spare capacity, and therefore with airplanes to spare for its new Albanian partner.
Featured image by Olsi Shehu/Anadolu Agency/Getty Images
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
