Uzbekistan Airways split into two companies

Restructuring of Uzbekistan Airways has been completed, within the framework of which two separate joint-stock companies were created, namely Uzbekistan Airways and Uzbekistan Airports, Ferghana writes.

Uzbekistan Airways JSC was created on the basis of the Uzairways’ Directorate and state unitary enterprises that are part of the airline. We are talking about the enterprises named Flight Complex, Main Agency of Air Communications and Uzaviatekhsnab (Uzbek Air Technical Provision) Logistics Complex, which were transformed from the State Unitary Enterprise into limited liability companies (LLCs). Uzbekistan Airways will oversee flights, use the aircraft fleet, expanding the air route network and more.

Uzbekistan Airports JSC is responsible for managing 11 international airports in Uzbekistan located in Tashkent, Andijan, Fergana, Namangan, Karshi, Termez, Urgench, Nukus, Samarkand, Bukhara and Navoi. The company will be fully responsible for the development of the country’s airports and the level of passenger service on their territory.

In addition, the state enterprise named Uzbek Air Navigation Center is transferred to the Ministry of Transport of Uzbekistan.

According to Uzbek officials, division of the national air company into two large joint-stock companies should increase the transparency of the enterprise management system, ensure their financial stability and profitability.

The decree of the President of Uzbekistan Shavkat Mirziyoyev to reorganize Uzbekistan Airways and the deprivation of its right to operate airports was issued in late November 2018. Shortly before this, the State Committee for Tourism, Uzbekistan, criticized the monopoly position of the national air carrier, which, according to Committee analysts, contributes to high air ticket prices and insufficient number of flights.

Source – https://asiaplustj.info/

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