French Bank to Finance Upgrade of Navigation System in Azerbaijani Two Region Airlines

Business Materials 15 November 2007 15:59 (UTC +04:00)

Azerbaijan, Baku / Trend corr. I.Khalilova / The French Nateksis bank will allocate €14.88mln credit to Azerbaijan, which will be directed to upgrade of the navigation systems of airlines in Ganja and Nakhchivan Cities of Azerbaijan, the Minister of Economic Development of Azerbaijan, reported on 15 November.

The financial document was signed by the French Ambassador to Azerbaijan, Amodrik Du Shafo, and Azerbaijani Ministry of Economic Development, Heydar Babayev.

The project envisages establishment of new radar system in Ganja and the Nakhchivan Autonomous Republic (NAR) of Azerbaijan

Nateksis is one of the biggest banks of France. The bank is functioning in 71 countries.