Buta Airways to reach breakeven by end of 2018
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By Trend
Azerbaijani low-cost airline Buta Airways will reach break-even
point by the end of 2018, the Rusaviainsider portal reports with
reference to the representative of the airline.
Buta Airways, which performed its first commercial flight on
September 1, 2017, is confident that the project will quickly
become a success story.
"Ten months is too short of a period to talk about large incomes.
Both AZAL (Azerbaijan Airlines, the national carrier) and Buta
Airways successfully organize transit traffic flows, managing the
synergy of their route networks. It also serves the common goal of
turning the Baku Heydar Aliyev airport into an international
passenger hub," the portal reports referring to the company's
representative.
Buta Airways' representative said the project would've been
hypothetically economically viable, even if it was independent of
AZAL's support.
"The project proved to be quite popular and commercially
reasonable," said the representative.
Buta Airways fleet consists of seven Embraer aircraft - six E190
and one E170, which will soon be replaced by E190. The eighth
aircraft of this type are planned to be added to the airline's
fleet by mid-2019.
At the end of 2017 (after four months of operation), the low-cost
airline served 92,000 passengers. The results of 1Q2018 showed an
increase to 104,000 passengers.
In its summer schedule IATA 2018 Buta Airways operates flights to
12 destinations in Russia, Ukraine, Turkey, Bulgaria and
Georgia.
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