Georgian Airways Georgian Airline is sold for 150 million dollars. This is stated in the Association of Georgian Business Brokerage, writes Sputnik Georgia.
was previously announced the bankruptcy and rehabilitation of Georgian Airways, which, as it turned out, debts in the amount of 176 million lari before 16 thousand passengers and dozens of firms.
According to the decision of the Tbilisi City Court, the financial crisis in the company was caused by the coronavirus and the closure of borders, as a result of which it cannot cover its obligations. According to Georgia’s legislation, a foreign investor cannot own more than 49% of the local airline.
Airzena was created in September 1993, and in 1999 he became the national carrier of Georgia, in August 2004 she was renamed Georgian Airways.
To date, Georgian Airways is a fully private company: 80% belongs to Businessman David Gaiiashvili, 20% – Georgia Air Service LLC. Its aviation fleet consists of Boeing 737, Embraer and CRJ medium-haul aircraft.