Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


A deputy reveals the waste (70%) of the imports of Iraqi Airways, and the reason?

rocky
rocky
rocky
NNP TEAM
NNP TEAM


Posts : 234782
Join date : 2012-12-21
  • Post n°1

A deputy reveals the waste (70%) of the imports of Iraqi Airways, and the reason? Empty A deputy reveals the waste (70%) of the imports of Iraqi Airways, and the reason?

Post by rocky Sun 07 Mar 2021, 6:48 am


A deputy reveals the waste (70%) of the imports of Iraqi Airways, and the reason?

13:55 - 07/03/2021


[You must be registered and logged in to see this link.]
The information / Baghdad ..
Member of Parliament Jamal al-Muhammadawi confirmed, on Sunday, that the Iraqi Airways company contracted with the British company (Menz) and paid 70% of the revenues to this company, which is a waste of public money.
Al-Muhammadawi said, according to a document issued by his office that "the information" has reviewed, that "according to the information and documents, it appears that the Ministry of Transport has contracted with the British company Menez for the purpose of developing ground services and handling of fuel services provided to aircraft, which shows us a set of things.
He added, “The Airline Services Division used to perform the aforementioned services and it provides those services to Iraqi aircraft free of charge, while the services will be provided by MENZZ Corporation in exchange for annual sums amounting to more than (41,152,925) $ per year on The basis of an annual number of flights of (9,209) flights to and from Baghdad airport, and thus the airline will lose the revenue of foreign aircraft ($ 28,092,730) from which the percentage (13%) of Iraqi Airways is subtracted, which amounts to (3,652, Thus, the net revenue of foreign aircraft is ($ 24,440,675), while the revenues received from Iraqi aircraft are ($ 41,152,925), so the total revenue from Iraqi and foreign aircraft is ($ 65,593,597) by subtracting The estimated operating expenses of (4,500,000) $, the rest is (61,093,597) $ and when subtracting the airline’s share of (30%) which is (18,328,079) $ then the net amount that is paid to a company Menz which equals (70%) is($ 42,765,517) ”.
He pointed out that “the revenues of air freight will lose the Iraqi Airways Company (70%) of its revenues. As for the revenue of air freight, especially for the transportation of shipments of the Central Bank, it will lose up to (50%) of the revenues. As for the revenues of ground handling of fuel, the company Iraqi Airways will pay foreign aircraft revenues from fuel ($ 4,300,000) and revenues from Iraqi aircraft from fuel ($ 10,309,000), and the total of that is $ (14,609,000), while ground handling of fuel was provided to the aircraft. Iraqi Airways' fuel division free of charge.
He explained that "a group of what the Iraqi Airways company pays for all services is equal to ($ 54,604,840)". The Iraqi Airways contracting with the British company Menzas and paying (70%) of the revenues is a waste of public money and is not commensurate with the circumstances. The financial deficit in the state budget, as there is no justification for paying those sums to foreign companies for services that the airline company carries out without any problems and with good efficiency. End / 25
[You must be registered and logged in to see this link.]
  • Back to top
    Current date/time is Thu 26 Jan 2023, 4:14 pm