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Bulgaria Air debts to Sofia Airport reach $32.6 million

Staff Writer |
Bulgaria Air’s debts to Sofia Airport continue to grow and, at present, amount to over BGN 59 M ($32.6 million), reported Kapital Daily.

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In August 2010, debts amounted to BGN 23m. In the summer of 2016, the former director Hristo Shterionov announced that Bulgaria Air owes the airport BGN 47.2m.

Thus, it turns out that, instead of shrinking, the unpaid fees of the air carrier to Chimimport Group are increasing.

According to Sofia Airport Director Stanchev, there is a huge discrepancy between the record number of passengers passing through the airport annually and its bad financial results.

The profit margin of the airport is between 4% and 5 % instead of 25-30%.

Last year, the state enterprise had revenues of BGN 131m and a profit of BGN 9.6 M according to the latest accounting report. In 2015, the financial result was BGN 5.5m, given revenues of BGN 118m.

The director of Sofia Airport announced that there are problems with security, the public procurement orders of the airport and the overloading of the terminals.

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