Mongolia’s Eznis Airways has scrapped plans to add a fourth Saab 340B as fuel prices have almost doubled in the country over the past 12 months.

“We have decided not to proceed with the fourth aircraft because fuel prices have almost doubled in the past 12 months and there doesn’t seem to be any let-up in sight,” Eznis Airways CEO Glen Pickard says from the carrier’s headquarters in Ulaanbaatar, the nation’s capital.

“We have decided it’s not the time to expand but to consolidate and look at cost savings.”

Pickard also says that if the airline opts to buy a Saab 340B later, say 12 months from now, the purchase price will probably be cheaper than if it bought the aircra

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