Cabinet of Minister has given a state guarantee for the purchase of nine aircrafts and six helicopters worth $ 650 million (including the cost of conversion and bank charges.)
The state guarantee was provided to the Central Bank of Azerbaijan, which has provided state of CJSC "Azerbaijan Airlines" a long-term loan through the agent bank $ 655 million including accrued interest.
On September 25 AZAL signed an agreement with "Embraer" for the procurement of four aircraft type "Embraer-190 AR", October 15 - the company "AJW Capital Partners Limited" for the purchase of three aircraft types "Airbus A-340-500" (including one special design), on 17 October with the company "ECC Lesing Company Limited" for the purchase of two aircrafts type "Embraer-170-100 LR", and on October 17 with the company "Agusta Westland SpA" for the purchase of six helicopters "AW139".
AZAL is one of the opaque state-owned companies, which does not publish financial statements, despite the tough requirement of the legislation on the financial statements of public business entities. 08D
Economics
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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