The airline "Turan Air" suspended all its scheduled flights. The company which has been functioning since 1994, has almost left passenger transportation market , but officially this is not reported.
In July 2006 the airline joined a group of companies "SW Holding", and owned several aircraft fleet type "Tu-154". Until recently, the airline performed flights from Baku to Kazan and Yekaterinburg, from Lankaran to Surgut. According to the holding, flights have been suspended due to low passenger traffic.
In 2009 was eliminated first private airline "IMAIR" ( included in the group of companies "Improtex Group".)
Today at the local market of air transportation remain the state CJSC "Azerbaijan Airlines" and "Silk Way Business Avioation". The latter with six aircrafts (Gulfstream - 550 , Gulfstream - 450 , Gulfstream - 200 , Gulfstream - 280 , Boeing- 727- 200 and ATR - 42 - 500) , carries only commercial flights (approximately 200 passengers per month), and provides reports an unprofitable activity . Nevertheless , "Silk Way Business Aviation" plans to purchase another Gulfstream - 650. --08B-
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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