Thales to Supply Air Traffic Management Facilities to Two Azerbaijani Airports

Business Materials 23 April 2008 12:03 (UTC +04:00)

Azerbaijan, Baku, 22 April / Trend corr S. Aliyev/ French company Thales will supply equipment for air traffic management at the airports of Nakhchivan and Ganja cities in Azerbaijan, State Concern AZAL (Azerbaijan Airlines) reported.

Previously, the Azerbaijani Parliament approved of the financial protocol between the Governments of Azerbaijan and France on allocation of a credit by France's state-run Natexis Banques Populaires for purchase of the equipment for air traffic management for Nakhchivan and Ganja cities airports.

The credit (€14.88mln) is allocated for 21 years (first 7 years are privileged) at 1.5% interest rate. The main part of the credit will be paid off through 28 payments each half a year.

The Nakhchivan Airport, located in the Nakhchivan Autonomous Republic of Azerbaijan, was put into operation in 2004 after reconstruction. The Ganja Airport, located in the western region of Azerbaijan, was also reconstructed and put into operation in 2006. Both are international airports.

Thales Group is an international industrial group manufacturing information systems for aerospace, military and naval use.

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