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Revenues of Georgian air navigation service provider down

Business Materials 18 January 2021 16:30
Revenues of Georgian air navigation service provider down

BAKU, Azerbaijan, Jan. 18

By Tamilla Mammadova – Trend:

Any plane that uses Georgian airspace is obliged to pay for air navigation services, Trend reports via Georgian media.

The overflight fees are transferred in the budget of SAKAERONAVIGATSIA. The load of Georgian airspace was quite high before the COVID-19 pandemic. It served over 389 airplanes per day. Now, the number of transit flights has decreased in half.

According to the financial report of SAKAERONAVIGATSIA, in 2019 the total revenue of the company was 76.6 million lari ($23.2 million), while the net profit was 2.8 million lari ($851,391).

In 2019, revenues of SAKAERONAVIGATSIA were as follows:

- Revenue from air navigation services on transit flights - 45.4 million lari ($13.8 million), a total of 92,997 flights;
- Revenue from take-off / landing services - 28.5 million lari ($8.6 million), a total 47,975 take-offs / landings.

Accordingly, one medium-size airplane pays SAKAERONAVIGATSIA 594 lari ($180.62) for one take-off / landing service, while the average overflight fee totals to 487 lari ($148.08).

As a result of the pandemic, revenues of SAKAERONAVIGATSIA is 70 percent down due to the pandemic. SAKAERONAVIGATSIA uses the radar infrastructure, included in the company's assets, for scheduling the air services. The total value of the company's assets is 175 million lari ($53.2 million).

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