New Record of Aviators in Azerbaijan

Azerbaijani Civil Aviation has achieved a historical record, moved by more than 20 international and domestic destinations 1,665,200 passengers.

According to the State Statistics Committee, within 11 months of the year passazhiropervozki increased compared to the same period in 2013 by 7.4%.

The share of state-owned airline CJSC Azerbaijan Airlines passenger traffic accounts for 99.6%. Other carriers are LLC Silk Way Business Aviation, which performs a custom commercial flights.

In 2013, residents of Azerbaijan aircraft was transported 1.664 million people, which is 4% more than in the previous year. Services of local airlines benefited twice more passengers than in 2003 (867,000). This is due to both the expansion of the geography of regular flights and update the fleet.

Azerbaijan Airlines is not publicly disclosed financial statements and, therefore, it is difficult to determine the effectiveness of economic activity, for example, JSC Azerbaijan Airlines. It is not known well, attracts whether the airline independent auditor to audit the financial statements. Although, according to the recently promulgated by the Ministry of Finance report, "On the estimation of budget expenditures and financial reporting (2008-2014)", All state-owned enterprises reporting to the government, including the named and CJSC AZAL, provide the Cabinet of Ministers financial and so on annual and quarterly reports.

CJSC Azerbaijan Airlines financial statements considered a trade secret. However, in compliance with Article 5.3 of the Charter, AZAL is obliged to publish in accordance with legislation annual financial report no later than 30 April of the following fiscal year.

According to the SSC, in 2013 the income of local airlines by passenger traffic totaled 262.4 million manat (+ 16.3%). For the organization of transport has been spent 297.6 million manat, which is 14.5% higher than the previous year. Perhaps part of the loss is the result of investment activities AZAL. Overall, however, in 2013, passenger air transport airlines brought a loss of 35 165 200 manat. This is 5.7% more than in 2012.  --08B-