Financial problems of Manganese Bronze Holdings not to affect supply of London cabs to Azerbaijan
Azerbaijan, Baku, Oct 23 /Trend E.Ismayilov/
Financial problems of Bronze Holdings (producer of the London taxi, which are currently used in Azerbaijan) will not affect the future supply of these vehicles to the country, head of Baku Taxi Company (operator of cars) Ilgar Gasimov told Trend.
Manganese Bronze Holdings said it was unable to agree on acceptable terms of funding and it goes under external management.
Gasimov noted that there are internal processes in the holding, and even if there are changes in the shareholders, even in the case of the controlling shareholder change, it should in no way affect the supply of London Taxi TX4 cars to Azerbaijan
In any case, in his opinion, there wouldn't be suspend in production of those vehicles due to the fact that they are in demand in the UK. And in the case of changes in the structure of the holding, or a change in leadership Baku Taxi Company can easily sign a new contract.
Gasimov noted that the company maintains plans to purchase new cars and now consider various funding schemes. After selecting a scheme of financing subsequent orders for new cars will follow.
A new private company Baku Taxi Company is created for the program development of the Ministry of Transport of Azerbaijan to replace fleet taxis in Baku on motor vehicle London Taxi TX4.
Total cost of the contract for delivery of 1,000 London Taxi TX4 cars to Baku , signed in 2011, was about $27 million.