Georgian Airways Explained

Airline:Georgian Airways
Fleet Size:5
Destinations:5
Iata:A9
Icao:TGZ
Callsign:TAMAZI
Founded:1994 (as Airzena)
Headquarters:Tbilisi, Georgia
Key People:Roman Bokeria, General Director replaced by David Gaiashvili (Tamaz Gaiashvili's brother) in 2022
Hubs:Tbilisi International Airport

Georgian Airways (Georgian: ჯორჯიან ეარვეისი|tr), formerly Airzena, is the privately owned flag carrier of Georgia, with its headquarters in Tbilisi.[1] Its main base is Tbilisi International Airport.[2] The company filed for bankruptcy on 31 December 2021, linked to a restructuring procedure, and it has been for sale since January 2022. The airline continues to operate a limited number of profitable flights during the restructuring phase.

History

The airline Airzena was established in September 1993. Initially, Airzena operated charter flights to the United Arab Emirates, Italy, China, Egypt, India, and Syria, as well as a regularly scheduled flight to Vienna. The company managed to achieve recognition and retain its share in the aviation market during the economically and politically complicated period of the 1990s.

In 1999 Airzena became the flag carrier of Georgia. In August 2004, the company changed its name to Georgian Airways. During the first half of the 2000s, the airline's management decided to modernise the fleet, and leased two Boeing 737-500s from Hapag-Lloyd. This was the first case of a Georgian airline operating up-to-date Western equipment.

Russian sanctions

Following what Russia perceived as anti-Russian protests in June 2019, it banned all flights to and from Georgia starting 8 July 2019.[3] Georgian Airways flights to Moscow-Vnukovo have since been operated by Aircompany Armenia via Yerevan. The ban was revoked by Russian president Vladimir Putin on 10 May 2023 starting 15 May and Georgian Airways announced it would then resume flights to Moscow from 20 May,[4] with the first flight arriving in Vnukovo on that day. In response, Ukrainian president Volodymyr Zelensky imposed sanctions against the airline on 1 July.[5]

Bankruptcy

Georgian Airways filed for bankruptcy on 31 December 2021, linked to restructuring proceedings,[6] and the airline was put up for sale in January 2022.[7] [8] The airline is in debt of, against in assets. The causes include the Russian flight ban since July 2019,[3] [9] but most of all, the COVID-19 pandemic hit the airline hard. The Georgian authorities banned international air traffic for 11 months,[10] with the exception of a number of monthly government mandated flights for repatriation purposes (operated by Georgian Airways). Georgian Airways cut back on its fleet (such as disposing of its Embraer planes) but with the Georgian resumption of international air traffic in February 2021, it could only offer six destinations.

The insolvency plan focuses on the year-round profitable routes (Amsterdam, Tel Aviv and Minsk) and a few profitable seasonal charters, while guaranteeing these flights. Georgian Airways indicated in January 2022 that it would continue to operate the flights.[11]

Destinations

As of April 2022, Georgian Airways operates scheduled services from Tbilisi International Airport to destinations in Austria, Israel and the Netherlands, while it jointly sells (but not operates) flights to Armenia and France.

Armenia
Austria
Belgium
Cyprus
France
Georgia
Germany
Israel
Italy
Netherlands

Partners

Georgian Airways partners with the following airlines:[15]

Fleet

Current fleet

The Georgian Airways fleet consists of the following aircraft as of July 2022:[16]

Passenger fleet
AircraftIn serviceOrdersPassengersNotes
BETotal
Boeing 737-7001 - 12120132Leased from Aircompany Armenia (06-2021)[17]
Boeing 737-8001 - 12168180
Bombardier CRJ200LR164450
Boeing 767-3001 - 18 227245Leased from US Leaser, Leaser unknown.
Bombardier Challenger 8501Cargo fleet
Boeing 737-800(F)[18] 13[19] Cargo
Total53

Former fleet

The airline fleet previously included the following aircraft (inconclusive list):

Safety rating, accidents and incidents

Georgian Airways has a 6/7 safety rating in AirlineRatings.[21]

External links

Notes and References

  1. Web site: Contacts . Georgian Airways . 2017-11-19 . 1 February 2020 . https://web.archive.org/web/20200201092137/https://www.georgian-airways.com/en/contact . dead .
  2. [Flight International]
  3. News: Putin's Ban On Direct Russia-Georgia Flights Comes Into Force . 8 July 2019 . . 30 November 2021.
  4. News: Georgian Airways to launch Tbilisi-Moscow-Tbilisi flights from May 20 . 2023-05-16 . InterpressNews . 2023-05-16.
  5. Web site: Зеленский ввел санкции против грузинской авиакомпании Georgian Airways. ru. 2023-07-01. Kommersant.
  6. Web site: Georgian Airways has filed for Bankruptcy / Rehabilitation . 2019-07-08 . Business Media Georgia . 2022-02-10 . ka.
  7. Web site: Indebted Georgian Airways Up for Sale . 2022-01-18 . Civil Georgia . 2022-02-10 . en.
  8. Web site: Georgian Airways files for insolvency, put up for sale . 2022-01-20 . Eurasianet . 2022-02-10 . en.
  9. Web site: Georgian Airways estimates $25mn loss from Russia flight ban . 2019-08-01 . Ch Aviation . 2022-02-10 . en.
  10. Web site: Georgia resumes regular flights today . 2021-02-01 . Agenda.ge . 2022-02-10 . en.
  11. Web site: Attention! . Georgian Airways . 2022-01-18 . 2022-02-10 . en . 1 February 2022 . https://web.archive.org/web/20220201025345/https://www.georgian-airways.com/en/news/latest-news/attention-93 . dead .
  12. News: Georgian Airways Resumes Brussels Service in NS24 . 3 February 2024 . AeroRoutes . 2 February 2024 . en-CA.
  13. Web site: Daily Direct Flights To Tel Aviv . georgian-airways.com . Georgian Airways . 4 May 2024.
  14. News: Georgian Airways Resumes 2 Russian Routes in Dec 2023 . 8 November 2023 . AeroRoutes . 8 November 2023 . en-CA.
  15. Web site: Georgian Airways Partners . www.georgian-airways.com . 10 February 2020 . 28 March 2023 . https://web.archive.org/web/20230328085213/https://www.georgian-airways.com/en/about/partners . dead .
  16. Web site: Airzena Georgian Airways Fleet Details and History . PlaneSpotters Net . 2022-07-24 . en.
  17. Web site: 4L-GTI AIRZENA GEORGIAN AIRWAYS BOEING 737-700 . PlaneSpotters Net . 2022-07-24.
  18. Web site: Georgian Airways started Air Cargo shipment to China . Business Media Georgia . 2021-04-27 . 2022-04-19 . en.
  19. Web site: Aircompany Armenia and Georgian Airlines Add Capacity with Order for 737-800 Boeing Converted Freighters . Boeing Global Services . 2022-07-18 . 2022-07-24 . en.
  20. Web site: OK-SBK ALTERNA CAPITAL PARTNERS BOEING 737-800. PlaneSpotters Net. 2022-07-24 . en.
  21. https://www.airlineratings.com/ratings/georgian-airways/ using these criteria; https://www.airlineratings.com/safety-rating-criteria/ This site is referred to by https://www.telegraph.co.uk/travel/news/world-best-airline-airlineratings/and https://www.businessinsider.com/best-airlines-2018-airlineratings-2017-11.

    Georgian Airways is not rated in Skytrax.

  22. Web site: Investigation Report of accident involving Georgian Airways aircraft CRJ-100ER (4L-GAE) at Kinshasa's N'djili Airport Democratic Republic of Congo (DRC) on 4 April 2011 . Ministry of the Transportation and Ways of Communication . 3 November 2016.