In 2012, the transport of passengers by air transport suffered a loss of 33.2 million manats. And this was despite the increase in passenger traffic (+14.3%) and revenue (+24.1%).
Airlines in Azerbaijan, as opposed to foreign, do not publish financial reports and the media do not provide financial figures. The only source of information is the only State Committee on Statistics, which provides summary data on income and expenditure on passenger transport by air transport. In the State Statistics Committee they told Turan that in 2012 the income of the three airlines (Azerbaijan Airlines, Turan Air and Silk Way Business Aviation) amounted to 225.6 million manat. The costs for companies on the transport of passengers amounted to 258.8 million manat, increasing by 5.7%.
In 2012, Azerbaijan Airlines achieved a record number of passengers during the independence -1.6 million. The share of state-run AZAL accounted for 98.5% of traffic and possible loss. - 08B-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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