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Turkish Airlines Holds Major Ratio on Georgian Aviation Market

Turkish Airlines is reported to be controlling the Georgian aviation market by holding 20% market ratio, based on the report of 2015.

According to the Civil Aviation Agency, in 2015 the airline served 434 904 passengers at Georgian airports, but it should be noted that Turkish Airlines for the past year lost 2% of the market ratio, because the company was reportedly controlling 22% on the market in 2014.

Meanwhile, Georgian Airways has increased its market ratio by 1%. The airline ranks second in terms of passenger turnover and controls 12% market ratio. In 20015 Georgian Airways (Airzena) transported 253 386 passengers.

Ukraine International Airlines (flyuia) served 212 106 passengers in 2015, that is 10% of total passenger turnover at Georgian Airports. According to the 2014 report, the Ukrainian airline held 9% market ratio in terms of quantity of transported passengers.

Pegasus Airlines, a Turkish low-cost airline is reported to hold 7% market ratio. The airline has transported 145 652 passengers in 2015. The company’s market ratio marked 6% in 2014.

Wizz Air Hungarian airline holds 5% ratio on the Georgian aviation market. The airline operates at only Kutaisi Airport. The airline plans to increase the market ratio in 2016 by adding several new flights from Kutaisi International Airport.

Belavia, Flydubai and 7 Siberia airlines share 4%-4% market ratio in terms of quantity of transported passengers.

According to the 2015 report, Lufthansa, Qatar Airways, Atlasglobal and Aeroflot hold 3%-3% market ratio on the Georgian aviation market.

As reported, the passenger turnover at Georgian airports increased by 13% in 2015. According to the civil aviation agency, Georgian airports served 2 261 006 passengers throughout 2015, while the figure marked 2 008 171 passengers in 2014. Consequently, the year on year growth marked 12.59% compared to 2014 and 23.30% compared to 2013.