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AZAL Azerbaijan Airways so as to add extra B787-8s
20.07.2022 – 13:36 UTC
AZAL Azerbaijan Airways (J2, Baku) has inked a Memorandum of Understanding (MoU) with Boeing (BOE, Washington Nationwide) for 4 incremental B787-8s with plans so as to add one other 4 by 2030.
“Azerbaijan Airways was the primary airline within the Caspian and Central Asia area to function the B787-8 Dreamliner and we at the moment have two B787-8s in service. This MoU is proof of joint efforts to scale up the mutually useful partnership between Azerbaijan Airways and Boeing,” President Jahangir Asgarov stated.
The state-owned airline stated it could use the extra B787s to develop its Central Asian community.
The announcement made throughout the 2022 Farnborough Air Present didn’t element any supply timelines not to mention AZAL’s plans for the addition of the opposite 4 to extend its fleet to 10. AZAL didn’t reply to ch-aviation’s request for added color.
The Azeri flag provider at the moment owns and operates two 2014-build B787-8s. The ch-aviation fleets superior module exhibits that the airline’s widebody fleet additionally contains two A340-500s, three B767-300(ER)s, and a…
Azerbaijan’s AZAL gained $164mn assist in 2020, $50mn in 2021
23.05.2022 – 04:41 UTC
AZAL Azerbaijan Airways (J2, Baku) has formally launched its Deloitte-audited monetary report for 2020, in keeping with which its internet loss for the 12 months amounted to AZN76.42 million manats (USD44.98 million), about 3% lower than its loss for 2019. But it surely acquired thousands and thousands in state subsidies to compensate.
The pandemic outbreak that 12 months ensured that income on the state-owned flag provider slipped from AZN1.01 billion (USD594 million) to AZN335.27 million (USD197.3 million), however “subsidies acquired from the federal government because of Covid-19” got here to AZN232.1 million (USD136.6 million).
The report revealed that in whole the Azerbaijani authorities supplied the corporate with monetary assist totalling AZN279 million (USD164.2 million) throughout 2020, together with subsidy revenue, paid-in capital, mortgage repayments, and different components.
Whole liabilities on the finish of the interval, on December 31, 2020, stood at AZN2.76 billion (USD1.62 billion), far exceeding its AZN1.99 billion (USD1.17 billion) value of whole property. The liabilities included AZN334.16 million (USD196.68 million) that is because of plane lessors over the following 5 years. The ch-aviation fleets superior module exhibits that AZAL…
Azerbaijan’s AZAL tweaks A320neo, B787 fleet renewal plans
15.10.2021 – 06:09 UTC
AZAL Azerbaijan Airways (J2, Baku) is continuing with longstanding plans to resume and broaden its mainline passenger fleet following talks with Airbus (AIB, Toulouse Blagnac) and Boeing (BOE, Washington Nationwide) in Baku this previous week.
In keeping with the ch-aviation fleets superior module, AZAL operates three A319-100s (common age of 15.9 years), six A320-200s (common age of 15.2 years), two A340-500s (common age of 13.6 years), three B757-200s (common age of 23.4 years), three B767-300(ER)s (common age of 10.4 years), two B787-8s (common age of 6.9 years), and eight E190ARs (in service with AZAL’s Buta Airways funds division; common age of 8.5 years). All plane are understood to be owned by the airline itself.
Regarding Airbus, AZAL stated a preliminary settlement was reached whereby the Europeans may provide the state-owned airline with as much as twenty A320neo and A321neo via 2030 to interchange its present A319 and A320ceo.
Regarding Boeing, a preliminary settlement was reached for the acquisition of 9 B787s via 2030…
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