(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, February 27. Uzbekistan
will transfer Bukhara, Namangan, Urgench, and Andijan airports to
private management and modernize them, Trend reports.
This was announced at a presentation where Uzbek President
Shavkat Mirziyoyev was familiarized with measures on the
transformation of state-owned enterprises in the aviation sector on
February 22.
The Uzbekistan 2030 strategy plans to quadruple the number of
air transports. For this purpose, the annual growth rate in the
industry should be at least 20 percent. This requires systemic work
in infrastructure, management, prices, and quality.
Uzbekistan plans to cut costs in the industry by 20 percent. Old
airplanes with high fuel consumption will be sold, and modern
fuel-efficient aircraft will be purchased. A significant reduction
in fuel consumption will be achieved by selecting optimal flight
routes for 72 destinations. Unused and unprofitable assets will be
put up for sale.
The presentation reviewed the plans for the current year to
accelerate the transformation processes at Uzbekistan Airways and
Uzbekistan Airports, expand services, and increase revenues.
In particular, the process of obtaining an international credit
rating for the national airline and its entry into the IPO will
begin.
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