Bosnian airline BH Airlines resumed flying on Wednesday after a bank unblocked its accounts, frozen in February over outstanding debt, Reuters reported an airline official as saying.

BH Airlines is an airline rapidly headed in the same direction as many of the region's struggling flag carriers, with bank freezing accounts over unpaid leasing loans as losses mount.

BH, owned by Bosnia's autonomous Muslim-Croat Federation, was grounded last week as the Bosnian arm of Austria's Hypo Alpe Adria Bank claimed some 7 million Bosnian marka ($4.7 million). Early in February, the bank froze the airline's accounts over an unpaid leasing loan of 5.5 million marka for two ATR 72 aircraft and a 1.5 million marka rehabilitation loan.

"Our accounts were unblocked yesterday," Goran Jovanovic, the president of BH Airlines' supervisory board, told Reuters by telephone. "We re-launched the flights today."

Source: bne