History
Hemus Air, named after the ancient name for the Balkan mountains, was owned by Varna-based industrial/financial enterprise TIM. The airline was established in 1986 as an autonomous unit of Balkan Bulgarian Airlines and started operations in 1987. It initially operated ambulance services, flight calibration and aerial photography and, from December 1990, also schedules. In 1996, it became a separate legal entity of Balkan Bulgarian Airlines. Hemus Air was privatized by Bulgarian investors in 2002 faced stiff competition from foreign carriers, as well as the newly established successor of Balkan, Bulgaria Air.
Hemus Air's management pledged to unite the major Bulgarian airlines and was selected as the preferred bidder for the sale of Bulgaria Air by the Bulgarian government. In November 2006, Balkan Hemus Group sealed a deal to purchase Bulgaria Air with a 99.99% share of the airline for €6.6 million. The new airline would operate under the Bulgaria Air brand. Hemus promised to invest a further €86m over the next five years and in 2007 began to coordinate the schedules and operations with Bulgaria Air. As of February 2009, all Hemus aircraft were operating for the nes parent company, Bulgaria Air. This latter absorbed assets and operations in early 2010s.
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