State Owned airline Air Kyrgyzstan does not have any Staffs or Serviceable Aircraft , Only Director and Accountant on PayRoll !

Air Kyrgyzstan ceased its operations on twenty sixth Oct 2017 after its solely plane , a Boeing 737-500 registered as EX-37501 , suffered a chook strike. The Plane went into storage after that incident.

Director of the Civil Aviation Company, Alexander Nastaev, informed at a assembly of Ishenim parliamentary faction ,

The state-owned airline Air Kyrgyzstan has not really existed since 2018.  In response to him, Air Kyrgyzstan has not been working flights since 2017, and since 2018 it has neither plane nor common flights.

Alexander Nastaev additionally added,

“There’s additionally no employees. All staff have been fired, there are solely the director and accountant. It legally exists as an open joint inventory firm, however in reality it doesn’t work.”

“Their Boeing airplane is at the airport, but it surely doesn’t endure upkeep. It simply stands there like scrap metallic. As far as I know, the state-owned firm has a debt of $3.5 million” 

In April 2018 , Kyrgyzstan’s authorities had determined to privatise the  Air Kyrgyzstan with a hope to promote a 51% stake within the flag service to a personal investor.

Earlier in June 2016, the Kyrgyz authorities had introduced plans to drift a young for the sale of a 49% stake within the service in September of that yr. The stake was decided to be KGS188.9mn (€2.42mn) on the time, with the federal government stating that the client could be obliged to resume and increase Air Kyrgyzstan’s fleet, with the acquisition of no less than 5 plane inside 5 years.

At a later stage the supply was barely modified ! In response to the brand new model of the supply, if a international investor bought the key stake, the shares gained should not exceed 49% of possession within the airline – the opposite 2% was deliberate to be offered to Kyrgyz personal buyers. Nonetheless, with out a lot belongings left within the Airline , Traders are arduous to come back , until date .

Within the yr 2018 , Chinese language corporations had proven curiosity within the firm and had been able to induct round 12 plane inside 3-5 years, however nothing has occurred until date. Should you analyse the current historical past of the corporate, in its most profitable yr 2012 , Air Kyrgyzstan earned 35 million soms as revenue.

Corruption has affected the expansion , in 2021 , the State Committee for Nationwide Safety had revealed the info of corruption in Air Kyrgyzstan OJSC . Staff of the Accounts Chamber, colluding with the administration of the airline, hid the presence of injury prompted to the state in the quantity of $3,160,903 throughout scheduled audits.