Air One yesterday confirmed it offered to pay BGN5.3 million ($3.4 million) to purchase 99.99% of Bulgaria Air. Italy's second-largest airline also committed to invest €11.6 million ($14.5 million) in the Bulgarian carrier over a five-year period in addition to a €500 million fleet renewal if it wins the tender launched in June and approved in February (ATWOnline, Feb. 6). Air One said it would buy 15 A320s that would both replace Bulgaria Air's aging 737s and expand its ...

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