EDB expected to extend US$100 million to Tajikistan’s private airline to purchase two Boeings

Asia-Plus

The Eurasian Development Bank (EDB) says it is working to extend 100 million US dollars to Somon Air two acquire to Boeing 737 aircraft. 

Press release issued by the EDB yesterday says that according to Somon Air’s fleet expansion strategy, the airline plans to procure two aircraft of this model in 2024.

Somon Air’s passenger traffic has been on the rise since 2020 and is anticipated to surpass pre-pandemic levels, reaching 787,600 passengers in 2023 compared to 672,500 in 2019.

Presently, the airline operates its primary passenger flights with a fleet consisting of six Boeing 737 aircraft of various modifications.

EDB notes that by 2026, Somon Air reportedly plans to broaden its geographical reach with new flights routes: from Khujand to Jeddah, Dubai, Urumqi and Istanbul in 2024; from Dushanbe to Antalya, Riyadh and Sharm El-Sheikh in 2024; to Seoul, Frankfurt, Amsterdam, Guangzhou, Tbilisi, Mashhad, Paris and Bangkok in 2025; and to New York, London, Beijing, Madrid, Vienna, Tel Aviv, Kyiv, Milan, Toronto and Warsaw in 2026.

The Eurasian Development Bank is an international financial institution investing in Eurasia.  For more than eighteen years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.  The EDB's charter capital totals US$7 billion.  Its portfolio mainly consists of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering.  The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.  The Eurasian Development Bank has observer status in the UN General Assembly.   

Somon Air is the first private airline in Tajikistan with an office headquartered in Dushanbe.  The airline operations are based at Dushanbe International Airport.  The airline started operating on February 5, 2008 with regular flights to Moscow and Dubai.  Somon Air also serves as the official carrier of the President of Tajikistan and other Tajikistan high-ranking officials

Somon Air is a member of the International Air Transport Association (IATA).  Somon Air's fleet consists of Boeing 737-800 and 737-900 family aircraft. The company is focused on expanding the route network of air transportation and the fleet, and currently operates regular flights from Tajikistan to China, Germany, India, Iran, Kazakhstan, Russia, Saudi Arabia, Turkiye, the United Arab Emirates, and Uzbekistan.

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