The Turkish Airlines board has decided to sell its 49% stake in Air Albania, seven years after the Albanian flag carrier was cleared to begin operations.
On November 19, 2025, Turkish Airlines told investors that the company planned to sell all its shares in Air Albania, triggering the search for new investment.
Other current investors in Air Albania include MDN Investment (41%), which helped set up the carrier alongside Turkish Airlines in 2018, and state-owned Albcontrol (10%).
In 2018, Prime Minister Edi Rama said Air Albania’s inception had become possible thanks to Turkish President Tayyip Erdogan and his support, according to Reuters.
News of Turkish Airlines’ decision to sell its shares in Air Albania comes just weeks after a $349 million (€300 million) bid for a minority stake in Spanish carrier Air Europa was finalized.
“Following technical and financial adjustments at closing, the minority stake to be acquired is expected to be in the range of 25% to 27%,” said a spokesperson for Turkish Airlines on November 6, 2025.
Turkish Airlines said its decision to purchase a stake in Air Europa was driven by a decision to strengthen its strategic position in the global aviation industry and to increase the number of tourists visiting Turkey.
The carrier also highlighted the economic benefits by opening new tourism markets in Latin America and expanding passenger and cargo flight network between Spain and Turkey.
According to ch-aviation, Air Albania currently operates a single Airbus A320-200 wet leased from Fly2Sky.
Flightradar24 data indicated that the aircraft is scheduled to operate three flights on November 20, 2025, between Istanbul, Tirana and Plovdiv.
