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Noisy Story With Air Carrier Armavia Has Ended But Is Still Secret

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  • Noisy Story With Air Carrier Armavia Has Ended But Is Still Secret

    NOISY STORY WITH AIR CARRIER ARMAVIA HAS ENDED BUT IS STILL SECRET

    arminfo
    Thursday, March 15, 21:11

    Today, as a result of the long-lasting talks, several minutes before
    the beginning of the press-conference, the new agreement was signed
    between "Armenia" International Airports company and Armavia national
    carrier. Within the frames of the new agreement, over 6 months (till
    September 2012) Armavia is obliged to repay to the airport the debt
    accumulated for half year - $5.3 mln.

    Although the agreement sets new obligations of the parties, including
    new tariffs for the air carrier, nevertheless, it does not clarify
    rather serious the problems of the national air carrier. The talks
    between the parties have turned into a lot of fuss about nothing,
    as the arrangements made today easily transfer into serious
    disagreements. Over the whole negotiating process the leadership
    of Armavia was disseminating obscure and two-way statements in mass
    media. For instance, that Armavia is ready to sell its shares, as it
    does not want any more to preserve its monopoly at the market.

    Having accumulated rather serious debts Armavia, nevertheless, goes
    on speaking about purchasing of new planes, in particular, another
    Russian Sukhoi Jet 100, which will be delivered in April 2012. It
    costs about $100 mln, and the aggregate debt of the company is just
    $7 mln. The leadership of the airport told journalists they cannot
    understand such a policy of the air carrier. Nevertheless, the airport
    still makes concessions and even does not rule out the possibility of
    buying the shares of the air company in case of having such an offer.

    Andranik Shkhyan, Deputy Director of "Armenia" International Airports,
    told journalists that the new agreement meets all the requirements
    and requests of the air carrier, including the new tariffs, which
    are favorable for the company and will start acting from 1 April 2012.

    For his part, Executive Director of the airport Marcello Vende added
    that the tariffs of the airport do not exceed 15% out of the total
    expenses of the air company.

    In his words, AIA had gone to a concession with Armavia and accepted
    the latter's request to reduce the passenger service fee. And as of
    February 1, this fee was set at $20.

    According to Vende, AIA had agreed to this concession in anticipation
    of receiving the debt that needs to be repaid between March 31 and
    September 1. But he announced that if Armavia does not make its
    first payment and duly pay for the current services on March 31,
    their agreement will be declared null and void.

    "This is the world's first case when the airline company is complaining
    against the airport. Everywhere the airport's service cost comprises
    a small portion in the expenditures of an airline company," the
    manager said.

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