Georgian Airways
Georgian Airways logo.svg
IATA ICAO Callsign
A9 TGZ TAMAZI
Founded1994 (as Airzena)
HubsTbilisi International Airport
Fleet size5
Destinations5
HeadquartersTbilisi, Georgia
Key peopleRoman Bokeria, General Director
Websitewww.georgian-airways.com

Georgian Airways (Georgian: ჯორჯიან ეარვეისი), 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 December 31, 2021, linked to a restructuring procedure and it has been for sale since January 2022.[3] The airline continues to operate a limited number of profitable flights during the restructuring phase.

History

Hapag Lloyd leased B737-500 (2003)
Hapag Lloyd leased B737-500 (2003)

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/from Georgia starting July 8, 2019.[4] Georgian Airways flights to Moscow-Vnukovo have since been operated by Aircompany Armenia through Yerevan. The ban was still in effect by 2022.

Bankruptcy

Georgian Airways filed for bankruptcy on December 31, 2021, linked to restructuring proceedings,[5] and the airline was put up for sale in January 2022.[3][6] The airline is in debt of 125,000,000 (52,000,000), against 21,000,000 in assets. The causes include the Russian flight ban since July 2019,[4][7] but most of all the COVID-19 pandemic hit the airline hard. The Georgian authorities banned international air traffic for 11 months,[8] 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 focusses on the year-round profitable routes (Amsterdam, Tel Aviv and Minsk[9]) and a few profitable seasonal charters, while guaranteeing these flights.[5] Georgian Airways indicated in January 2022 that it would continue to operate the flights.[10]

Destinations

Main article: List of Georgian Airways destinations

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

Destinations
Domestic -
International Amsterdam, Paris-Charles de Gaulle,[11] Tel Aviv, Vienna, Yerevan[12]

Partners

Georgian Airways partners with the following airlines:[13]

Fleet

Current fleet

A Georgian Airways Boeing 737-700
A Georgian Airways Boeing 737-700
Georgian Airways Boeing 737-800F
Georgian Airways Boeing 737-800F

The Georgian Airways fleet consists of the following aircraft as of July 2022:[14]

Georgian Airways fleet
Passenger fleet
Aircraft In service Orders Passengers Notes
B E Total
Boeing 737-700 1 12 120 132 Leased from Aircompany Armenia (06-2021)[15]
Boeing 737-800 1 12 168 180
Bombardier CRJ200LR 1 6 44 50
Bombardier Challenger 850 1 VIP For government and VIP use only
Cargo fleet
Boeing 737-800(F)[16] 1 3[17] Cargo
Total 5 3

Former fleet

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

Safety rating, accidents and incidents

Georgian Airways has a 7/7 safety rating, the highest level, in AirlineRatings.[19]

References

  1. ^ "Contacts". Georgian Airways. Retrieved 19 November 2017.
  2. ^ Flight International 3 April 2007
  3. ^ a b "Indebted Georgian Airways Up for Sale". Civil Georgia. 18 January 2022. Retrieved 10 February 2022.
  4. ^ a b c "Putin's Ban On Direct Russia-Georgia Flights Comes Into Force". Radio Free Europe/Radio Liberty. 8 July 2019. Retrieved 30 November 2021.
  5. ^ a b "Georgian Airways has filed for Bankruptcy / Rehabilitation". Business Media Georgia (in Georgian). 8 July 2019. Retrieved 10 February 2022.
  6. ^ "Georgian Airways files for insolvency, put up for sale". Eurasianet. 20 January 2022. Retrieved 10 February 2022.
  7. ^ "Georgian Airways estimates $25mn loss from Russia flight ban". Ch Aviation. 1 August 2019. Retrieved 10 February 2022.
  8. ^ "Georgia resumes regular flights today". Agenda.ge. 1 February 2021. Retrieved 10 February 2022.
  9. ^ In practical terms the Minsk flights do not operate.
  10. ^ "Attention!". Georgian Airways. 18 January 2022. Retrieved 10 February 2022.
  11. ^ Operated by Air France
  12. ^ Operated by Aircompany Armenia, connects with Yerevan - Moscow-Vnukovo due to Russian sanctions against Georgia.[4]
  13. ^ "Georgian Airways Partners". www.georgian-airways.com. Retrieved 10 February 2020.
  14. ^ "Airzena Georgian Airways Fleet Details and History". PlaneSpotters Net. Retrieved 24 July 2022.
  15. ^ "4L-GTI AIRZENA GEORGIAN AIRWAYS BOEING 737-700". PlaneSpotters Net. Retrieved 24 July 2022.
  16. ^ "Georgian Airways started Air Cargo shipment to China". Business Media Georgia. 27 April 2021. Retrieved 19 April 2022.
  17. ^ "Aircompany Armenia and Georgian Airlines Add Capacity with Order for 737-800 Boeing Converted Freighters". Boeing Global Services. 18 July 2022. Retrieved 24 July 2022.
  18. ^ "OK-SBK ALTERNA CAPITAL PARTNERS BOEING 737-800". PlaneSpotters Net. Retrieved 24 July 2022.
  19. ^ 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 http://uk.businessinsider.com/best-airlines-2018-airlineratings-2017-11. Georgian Airways is not rated in Skytrax.
  20. ^ "Investigation Report of accident involving Georgian Airways aircraft CRJ-100ER (4L-GAE) at Kinshasha's N'djili Airport Democratic Republic of Congo (DRC) on 4 April 2011" (PDF). Ministry of the Transportation and Ways of Communication. Retrieved 3 November 2016.

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