Azerbaijan news

It received a subsidy of 215 million, but it is operating at a loss

Chairman of the Chamber of Accounts Vusnow Gulmammadov said that, Serious inspections have been launched at AZAL and will be completed in two months and The public will be provided with additional information in this regard.

This was stated by economist Natig Jafarli.

According to him according tothe results of inspections conducted by the world-renowned audit company Deloitte at AZAL according toAZAL’s total loss 2018151 million 320 thousand manat in 2019, 78 million manat in 2019. 770 min, 202076 million in 415 thousand manat.

“The data for 2021 is still there that, There is no, but AZAL is also one of the companies that receives the most subsidies from the budget. During 2019-2021, the company will receive a total of 215 million from the budget. manat subsidy. AZAL is a monopolist in the country, controlling both flights and ground services. It prevents foreign companies from entering the country directly, sells tickets at the most expensive prices in the region, ground services are expensive, and in addition to receiving subsidies from the budget, it also buys planes at the expense of the budget, but works at a loss. Everyone complains about AZAL, but nothing has changed. Even Europe AZAL is one of the main reasons for the prolongation of the signing of a new cooperation agreement with the Union. He does not want to leave the market. “

Let’s hope so that, The inspections initiated by the Chamber of Accounts will result in a change in the management of AZAL and its attitude to this area. Or the question arises in man that, AZAL is the reason why everyone is complaining and continues to “milk” both the budget and the pockets of citizens without caring about anything?

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