PanARMENIAN.Net - Georgia’s national flag carrier Georgian Airways has announced that it has lost close to $25 million of revenue since Russia banned all Georgian flights to and from Russia on July 8, Emergin Europe says.
“Suspension of the direct air service between Georgia and Russia dealt a material blow to Georgian Airways and put it into a challenging financial position. The airline had to return about 80 per cent of tickets already sold. Furthermore, the number of individuals desirous of buying tickets declined dramatically,” the company’s officials said in a statement.
Responding to the Georgian government’s initiative to subsidise flights to Georgia through Yerevan, Armenia, the company’s management said it was Georgian Airways that asked for the help of the government “to provide financial aid to the company in a challenging situation,”
On July 28, Georgian MPs from the opposition United National Movement and the European Georgia parties both slammed the government’s plan to subsidise flights through Yerevan, saying the move sends ...
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