Azerbaijan’s Silk Way East Airlines shuts down

Azerbaijan’s Silk Way Group has closed and will liquidate its Silk Way East Airlines unit, local news agencies reported on June 9 citing a statement circulated by the country’s State Tax Service. Creditors have been told they can submit any claims they have within a period of two months to the group’s address at Baku Airport. Silk Way Airlines incorporated the subsidiary in October 2016 but it remained merely a proposed cargo carrier within the group without launching operations, which have continued both at fellow subsidiary and cargo specialist Silk Way West Airlines and at the parent carrier. Silk Way Airlines continues as an operator of five Il-76TD freighters, and the group also includes business charter specialist SW Business Aviation. <br/>