Silk Way West Airlines eyes Central Asia as next growth engine

Silk Way West Airlines eyes Central Asia as next growth engine

  • Central Asia is emerging as a key growth region for airfreight, with cargo volumes rising nearly 40 percent from 1.8 million tonnes in 2020 to 2.5 million tonnes in 2024, driven by cross-border e-commerce, high-value goods, and reconfigured supply chains following Russian airspace closures
  • Silk Way West Airlines has shifted its focus, with Central Asia growing from 29 percent to 45 percent of sales between 2022 and 2024, consolidating leadership in Azerbaijan and expanding into China, Kyrgyzstan, Uzbekistan, and Georgia, while maintaining long-term growth plans in Gulf markets for scale and stability
  • The region’s growth is supported by new airport infrastructure in Baku, Almaty, and Tashkent, multimodal transport corridors, liberalised air rights, and rising e-commerce, though challenges remain in fragmented infrastructure, fuel price volatility, and the need for digitalisation in cargo handling

Central Asia has long been seen as a peripheral market for airfreight, overshadowed by the Gulf and major Eurasian hubs. But geopolitical shifts and new infrastructure are changing that dynamic. For Silk Way West Airlines, the region is no longer secondary — it is fast becoming central to its growth strategy.

A market on the rise

Airfreight traffic across Central Asia has expanded by nearly 40 percent in just four years. “Air cargo traffic in the region has grown steadily and significantly from 1.8 million tonnes in 2020 to 2.5 million tonnes by 2024,” said Vugar Mammadov, Vice President CIS, Central Asia and Turkey at Silk Way West Airlines.

This growth is being fuelled by cross-border e-commerce, rising demand for high-value goods, and supply chains reconfigured by the closure of Russian airspace. “Geopolitically, the region sits at the intersection of Europe, Asia and the Middle East, offering strategic connectivity for both East–West and North–South trade,” he added.

That strategic location is now being reinforced by new infrastructure. Investments in airports at Baku, Almaty and Tashkent are creating capacity for larger volumes and more specialised cargo flows. Multimodal corridors — linking road, rail, sea and air — are also beginning to knit together.

“These fundamentals position the region as a prime destination for long-term investment in logistics, warehousing and distribution facilities,” Mammadov said, pointing to Kazakhstan’s transit role and Azerbaijan’s trade and consumption base as evidence that the market is moving beyond its traditional function.

Shifts in Silk Way’s portfolio

The airline’s own performance reflects the shift. In 2022, Central Asia accounted for 29 percent of Silk Way West’s sales. By 2024, that figure had climbed to 45 percent. “This 60 percent gain in just two years demonstrates the region’s contribution to our profitability and the effectiveness of our focus on high-potential trade corridors,” Mammadov said.

Silk Way West has entrenched its market leadership in Azerbaijan and built strong positions in China, Kyrgyzstan, Uzbekistan and Georgia. Its footprint in the Gulf — in markets such as the UAE, Saudi Arabia and Kuwait — remains more modest, but the airline sees those as long-term opportunities to scale.

Mammadov described a dual approach: consolidating dominance in smaller, fast-growing Central Asian markets while steadily expanding into the Gulf for scale and stability. “Central Asia is emerging as the next air cargo growth engine, while the Gulf provides the scale and stability to anchor regional networks,” he said.

This strategy recognises that while the Gulf hubs dominate global flows, Central Asia offers agility, proximity to China, and access to new trade corridors. For an airline like Silk Way West, which operates a widebody freighter fleet across continents, combining these advantages is central to its positioning.

Mammadov stressed that the shift is not only about location but about structural change. Liberalisation of air rights, investment in handling facilities, and the rise of e-commerce are all transforming what was once a secondary theatre into a primary market. “The fundamentals are in place for long-term growth,” he said.

But the region also faces hurdles: fragmented infrastructure, fuel price volatility and the need for greater digitalisation in cargo handling. Whether Central Asia’s airports and carriers can sustain growth will depend on how quickly these challenges are addressed.

Silk Way West’s regional bet reflects a wider trend. Airlines, forwarders and investors are increasingly treating Central Asia as a logistics corridor in its own right rather than an adjunct to Russia or the Gulf. If current growth rates continue, the region’s volumes could double again before the end of the decade.

For Mammadov, the direction is clear. “Geography has always been our advantage, but now the ecosystem is catching up,” he said. “The next phase is about building scale and resilience — and Central Asia will be at the heart of it.”

Picture of Edward Hardy

Edward Hardy

Having become a journalist after university, Edward Hardy has been a reporter and editor at some of the world's leading publications and news sites. In 2022, he became Air Cargo Week's Editor. Got news to share? Contact me on Edward.Hardy@AirCargoWeek.com

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