Georgian Airways: Russia flight ban cost $25 million up to now

Georgian Airways: Russia flight ban cost $25 million up to now

eTurboNews Syndication:

Georgia’s national flag carrier, Georgian Airways, on Monday said that the ban on direct flights to Russia led to losses around $25 million.

“Suspension of the direct air service between Georgia and Russia dealt a material blow to Georgian Airways and put it right into a challenging budget. The airline had to come back about 80% of tickets already sold. Furthermore, the real amount of people desirous of shopping for tickets declined dramatically, and the airline sustained damages around $25 mln altogether due to that,” the new air carrier said.

The management of Georgian Airways also taken care of immediately a recently available decision of the Georgian government on incentivization of transit air traffic from Russia to Georgia via Yerevan and allocation of 600,000 euro. “The management of Georgian Airways requested the Georgian government to supply school funding to the business in the challenging situation. The national government of Georgia took the airline’ s request under consideration and made a decision to pay damages to Georgian Airways partly, supporting the Georgian company thereby,” the airline noted.

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On, Russian President Putin issued a decree imposing a ban on flights, including commercial ones, july 8 from Russia to Georgia starting. June 22 on, Russia’on July 8 s Transport Ministry announced that starting, flights by Georgian airlines to Russia will be halted.

Russia banned flights to and from Georgia following protests in Tbilisi which were sparked by an uproar over a Russian legislator’s address in the Georgian parliament. Kremlin said the flight ban was targeted at ensuring the safety of Russians, who might come across danger in Georgia.

Author: George Taylor

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