Mongolia Airlines - M.A.D. Investment Solutions: "The new registration of “Mongolian Airlines” is a revival of a similar company with the same name established in 1956 that flew the Antonov AN-2 aircraft at that time. The original “Mongolian Airlines” company has changed forms and ownership several times, involving separation from MIAT in 1992. Since September 2011, 100% of the airline stocks are owned by “Bodi Group” a Mongolian business conglomerate that reorganized the company. Bodi Group includes 14 subsidiary companies, employing over fourteen hundred professionals. Bodi Group is actively engaged in rapidly growing fields of banking financing, property development, real estate, media, trade, aviation and services.
A first trial domestic flight of the newly registered company took off on November 18th 2011 as a charter flight to Bayankhongor. In the past few years only two airlines, Eznis and Aero-Mongolia operated domestic flights. The competition between the three companies has begun."
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