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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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