newstodate.aero
Aug 15, 2016 (newstodate): As one of many efforts to lift the quality and competencies of Kyrgyzstan's air transport sector, the country has decided to open up for privatization of the country's leading carrier, Air Kyrgyzstan.
49 percent of the shares in now fully state-owned carrier will be up for sale to an investor who will undertake to add at least five new aircraft within five years and increase the airline's shareholding capital by at least one million USD within the first year.
The tender, now open, will run till September 5, 2016, after which the bids by interested parties will be scrutinized.
The Kyrgyz government has also passed a program for the development of civil aviation in the years 2016-2020, and much effort has been invested in upgrading Bishkek's Manas Airport to comply with international standards through acquisition and implementation of new equipment and infrastructure.
In the country are now 22 airlines, 10 of which operate on own AOCs. Four carrier are dedicated to passenger transportation, while the remaining carriers are cargo and special airlines.
As a recent move, the country's Ministry of Transportation has approved that Kyrgyz airline may hire foreign pilots to operate aircraft types that so not have sufficient supply of licensed Kyrgyz cockpit crews.
Since 1007, all Kyrgyzstan's carriers remain on the EU Black List barring them from operating into EU markets.
49 percent of the shares in now fully state-owned carrier will be up for sale to an investor who will undertake to add at least five new aircraft within five years and increase the airline's shareholding capital by at least one million USD within the first year.
The tender, now open, will run till September 5, 2016, after which the bids by interested parties will be scrutinized.
The Kyrgyz government has also passed a program for the development of civil aviation in the years 2016-2020, and much effort has been invested in upgrading Bishkek's Manas Airport to comply with international standards through acquisition and implementation of new equipment and infrastructure.
In the country are now 22 airlines, 10 of which operate on own AOCs. Four carrier are dedicated to passenger transportation, while the remaining carriers are cargo and special airlines.
As a recent move, the country's Ministry of Transportation has approved that Kyrgyz airline may hire foreign pilots to operate aircraft types that so not have sufficient supply of licensed Kyrgyz cockpit crews.
Since 1007, all Kyrgyzstan's carriers remain on the EU Black List barring them from operating into EU markets.