Air Georgia bought 2 aircrafts at $ 50 million - when the air company will fly?

03:45 Sun, 13 June

GEO

USD

$ 3.1701

EUR

€ 3.8523

GBP

£ 4.4876

RUB

₽ 0.0443

TRY

₺ 0.0038

AZN

₼ 0.0186

Bitcoin

35,746.5000

Ethereum

2,384.7200

Bitchoin Cash

585.9250

Litecoin

163.1530

XRP

0.8370

21.Oct .2020 15:00

Air Georgia bought 2 aircrafts at $ 50 million - when the air company will fly?

205

Back

Author:Natia Taktakishvili

Georgian air company Air Georgia bought 2 aircrafts at $ 50 million. According to Giorgi Kodua, founder of the air company, the project is implemented with foreign investment from the United Arab Emirates.

According to him, 40-50 million USD is spent on the acquisition of 2 Airbus A320. However, the project consists of 3 phases and the investment value for three phases totals to 100-150 million USD," Giorgi Kodua told BM.GE.

Giorgi Kodua notes that flights will start from December-January.

"The procedure with the Civil Aviation Agency will take 2-3 months and I suppose flights will start from December-January. I am going to make the first charters in the following destinations: Sri Lanka, Goa, Sharm El Sheikh", said Giorgi Kodua.

According to the Business Registry, Air Georgia was registered in August 2019. Giorgi Kodua is 100% stake holder of the company.

Air Georgia Giorgi Kodua