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No Concern About Debts of Airlines Operating in Armenia

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  • No Concern About Debts of Airlines Operating in Armenia

    HEAD OF MAIN DEPARTMENT OF CIVIL AVIATION: THERE IS NO CONCERN YET
    ABOUT DEBTS OF AIRLINES OPERATING BETWEEN ARMENIA AND OUTSIDE WORLD

    http://www.nt.am/news.php?shownews=116851

    YEREVAN, AUGUST 29, NOYAN TAPAN. There is no concern yet about possible
    debts of the airlines operating between Armenia and the outside world,
    the head of the RA government-adjunct Main Department of Civil Aviation
    Artyom Movsesian stated on August 29.

    He explained that in international civil aviation, expenses are
    compensated in a period of up to three months. By international
    practice, the payments for airport services, in particular, for fuel
    and aeronavigation services, are transferred to the International Air
    Transport Assosiation (IATA) and the clearing house, collected and paid
    to the airlines that provided services: this process lasts about three
    months. "Carrying out activities in aviation for three months is
    related to large sums and may cause someone's concern. Today I see no
    concerns," A. Movsesian said.

    According to him, Armenia has air communication with 33 cities of CIS,
    Europe and Asia.

    To recap, recently a Russian carrier had problems because of
    nonpayments for fuel, as a result of which many flights were delayed.

    A. Movsesian said that the aviation fuel prices have declined somewhat
    thanks to a fall in international stock prices of oil. This may be
    conducive to a fall in prices of plane tickets, in which the share of
    the aviation fuel cost is large.

    From: Emil Lazarian | Ararat NewsPress
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