Lithuanian charter airline Small Planet Airlines has turned to a court in Germany, asking for the restructuring of its German subsidiary due to loss-making activity. The company says its expansion plans in Germany failed due to technical problems and flight irregularities. According to Vytautas Kaikaris, CEO of Small Planet Group, financial losses incurred by the…
The public transport subsidy made available by the Estonian government will increase by EUR 9 million, to EUR 101 million in 2019, it appears from the state budget bill that has received the informal nod from the government. A large portion of the increase can be attributed to the increased subsidization of bus services. Minister…
Director General of Uzbekistan Airways Bakhtiyor Khakimov held talks with Senior Vice-President of the Korean Air Samsug Noh. During the meeting the parties exchanged views on further development of cooperation between Uzbekistan Airways and Korean Air. In particular, the cooperation in passenger and cargo transportation was discussed. Also, the heads of airlines considered the prospects…
Klaipeda Seaport is being represented at exhibition “TransKazachstan. TransLogistic 2018” and conference “Transport and Logisctic Markets” organized in September 18-20 in Almaty, Kazakhstan. Klaipeda Seaport says it is an international event that opens new possibilities for companies to present themselves and to consolidate their position in Kazakhstan transport market, to disseminate information about their services…
Directorate for Management of Issyk-Kul Development Fund plans to reconstruct the road on Kydyr-Ake Street in Karakol, state procurement portal says. Reconstruction will be carried out from Kuchukov highway to a filling station. At least 108.5 million soms were allocated for 1.5 km of the road. The project includes felling of 135 trees. Poplars with…
Latvian airline airBaltic has carried 2,770,047 more passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East in the first eight months of 2018. In August airBaltic carried 440,562 passengers, up by 14% YoY. In addition to that, airBaltic carried 18% more passengers in this year’s summer season than last year, setting a…
Azerbaijani President Ilham Aliyev has signed an order to provide funds for the construction of Bujag-Mukhas-Bash Dashagil road in Oghuz region. Under the presidential order, the Azerbaijan Highway State Agency is allocated 9.4 million manats for the construction of the road connecting four residential areas with a total population of 4,000 people. (AzerNews/Business World Magazine)