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Azerbaijan’s Silk Means benefited from US, Afghanistan battle
12.12.2022 – 07:38 UTC
The Pentagon steered USD369 million in defence contracts to Azerbaijan’s Silk Means Airways (ZP, Baku) in alternate for US and NATO – North Atlantic Treaty Group entry to essential provide routes throughout the top of America’s battle in Afghanistan, in accordance with an exposé by The Washington Put up.
Two United States Air Pressure generals – Duncan McNabb and William Fraser III – who oversaw the provision routes from 2008 to 2014, on retirement, negotiated profitable consulting offers (one in every of them USD5,000 a day) with the cargo service, in accordance with official recordsdata obtained by the newspaper after a four-year-long battle and authorized motion to realize entry to them underneath the US Freedom of Data Act (FOIA).
Greater than 400 pages of paperwork reveal that US Air Pressure intelligence objected to the Azerbaijan enterprise offers for causes that stay labeled. US Air Pressure Evaluation Boards Company director Philip Deavel raised moral issues over the US navy giving intensive enterprise to Silk Means Airways whereas McNabb and Fraser managed the provision routes by Azerbaijan. In a 2015 confidential…
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 presently have two B787-8s in service. This MoU is proof of joint efforts to scale up the mutually helpful partnership between Azerbaijan Airways and Boeing,” President Jahangir Asgarov stated.
The state-owned airline stated it will 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 service presently owns and operates two 2014-build B787-8s. The ch-aviation fleets superior module exhibits that the airline’s widebody fleet additionally consists of two A340-500s, three B767-300(ER)s, and a…
Azerbaijan’s AZAL gained $164mn support 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 accordance with which its web loss for the yr amounted to AZN76.42 million manats (USD44.98 million), about 3% lower than its loss for 2019. Nevertheless it obtained thousands and thousands in state subsidies to compensate.
The pandemic outbreak that yr ensured that income on the state-owned flag service slipped from AZN1.01 billion (USD594 million) to AZN335.27 million (USD197.3 million), however “subsidies obtained from the federal government resulting from Covid-19” got here to AZN232.1 million (USD136.6 million).
The report revealed that in whole the Azerbaijani authorities offered the corporate with monetary assist totalling AZN279 million (USD164.2 million) throughout 2020, together with subsidy revenue, paid-in capital, mortgage repayments, and different elements.
Complete 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…
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