In 2014, revenues from the airlines air cargo amounted to 539 million 196 thousand manat. This is 4.2% more than in the previous year, Turan was told in response to a written request to the State Statistics Committee.
Last year, the volume of cargo transportation by air transport (123.8 thousand tons) declined by 1.8%. Transportation is carried out mainly by planes of two airlines of Silk Way Holding (LLC Silk Way Airlines and LLC Silk Way West). However, the airline achieved revenue growth.
According to the committee, the cost of cargo airlines increased in 2014 in comparison with 2013 by 74.7 million manat to 455.6 million manat.
Thus, the book profit on the transport of air cargo in 2014 amounted to 83.6 million manat. It is 52.7 million manat less than in 2013.
It should be emphasized that the company Silk Way Airlines is included in the top thirty public and private companies and has to publish consolidated annual financial statements in the press and the corporate website. However, the company deviates from this obligation. ----08B
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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