BAKU, Azerbaijan, October 21
By Tamilla Mammadova – Trend:
Georgian air company Air Georgia bought 2 aircraft at $50 million, Trend reports via Georgian media.
According to Giorgi Kodua, founder of the air company, the project is implemented with foreign investment from the United Arab Emirates.
As he noted, $40-$50 million is spent on the acquisition of 2 Airbus A320. However, the project consists of 3 phases and the investment value for three phases totals $100-$150 million.
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 Kodua.
According to the Business Registry, Air Georgia was registered in August 2019. Kodua is 100 percent stakeholder of the company.
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