50 SKY SHADES - World aviation news

Safi Airways operations suspended due to AFN 1.15 billion outstanding debts

Download: Printable PDF Date: 04 Sep 2016 17:03 (UTC) categories:
Publisher:
Safi Airways operations suspended due to AFN 1.15 billion outstanding debts - Finance publisher
Dana Ermolenko
Country: Afghanistan Aircraft: Airplanes
Source: Khaama

The operations of a major airline in Afghanistan, Safi Airways, was suspended due to a large outstanding debt and taxes payable by the airline, the Afghanistan Civil Aviation Authority (ACAA) said Sunday.

According to a statement by Afghanistan Civil Aviation Authority (ACAA), the decision to suspend the operations of the airline was taken by the Ministry of Finance of Afghanistan.

The statement further added that the airline has an outstanding debt payable amounting to AFN 1,152,774,691.

The Civil Aviation Authority said the outstanding debts are payable as per the tax declarations of the company for the solar year 1390 to 1393.

The airline did not take any step to clear the outstanding debts and taxes despite the Civil Aviation Authority prepared a draft signed by the other airlines to clear the outstanding dues in installments, ACAA said, adding that

According to ACAA, the officials of the airline will can be put on exit control list and the assets of the airline could be put on sale as per the 24th article of department of taxes affairs.

The Civil Aviation Authority said a formal letter has been sent to the airline to prevent the sale of its tickets and services until it does not meet the conditions and clear its outstanding debts, warning that the airline would be responsible for any actions it takes to resume operations.





Recommended

Dassault brings EASy IV upgrade to Falcon 2000 series, extending its latest standard to the best-selling family

Dassault will introduce the fourth-generation EASy IV flight deck on newly built Falcon 2000LXS aircraft, while also making the upgrade available as a retrofit across the entire Falcon 2000 EASy fleet...

Bombardier marks 40 years of Smart Services programs at NBAA-BACE 2026 in Las Vegas

Bombardier marked the 40th anniversary of its industry-leading Smart Services cost-per-flight-hour programs, which today support more than 1,500 enrolled aircraft and account for over 11 mil...

airBaltic files first monthly operating reports with U.S. court and publishes preliminary unaudited financial information

Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...

TARMAC Aerosave becomes the world’s first triple AFRA-accredited company, doubling aircraft dismantling capacity

TARMAC Aerosave has set a new industry benchmark by becoming the first company in the world to secure Aircraft Fleet Recycling Association (AFRA) accreditation across all three scopes of aircraft disa...

Android Apps development in Riga, Latvia