The turnover of the Turkish Airlines Tbilisi Office from the sale of air tickets has almost doubled. In 2021, the company's profits amounted to GEL 12.4 million, and in 2020 - to GEL 7.57 million.
According to the 2021 report, the company's assets exceed GEL 3 million, while in 2020 it was only GEL 2.2 million. The capital totals GEL 697,001.
According to the report, the company's expenses in 2021 were more than GEL 31 million. The largest, GEL 21.7 million, is the cost of aircraft services, while the expenses of other airport services was GEL 6.5 million, and the expenses of wages was 1.8 million GEL.
"The company is not focused on profit, because the amount of service provided on international flights exceeds the amount of the charges received on the territory of Georgia, and, accordingly, the incurred expenses are fully reimbursed by the head company (JSC Turkish Airlines)," - the report states.
JSC Turkish Airlines owns 100% of the shares of the Turkish Airlines Tbilisi Office.
JSC Turkish Airlines Tbilisi Office, the legal form of which is a branch (representative office) of a foreign enterprise, was registered on January 16, 1997.
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