Income from passenger carriages in the first quarter of 2012 by the national civil aviation operators totaled 39.6 million manta; this is by 26.8% more compared with the same period in 2011. However, companies did not get rid of large losses.
The State Statistics Committee (SSC) told Turan, the airlines have reduced by 2% expenditure on passenger transport, which totaled 51.4 million manat. Thus, the losses from passenger carriages in air transport totaled 11.8 million manta; in 2011 losses of airlines reached 63 million manat.
In the first quarter the local airlines carried 310.700 passengers (14.6%). According to SSC, over five years 820.200 passengers were carried, by 16.1% increase of the same period in 2011. The share of the state JSC "Azerbaijan Airlines" totaled 98.5%. The share of the other passenger airlines "Turan Air" totaled 1.5%. 08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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