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"Armavia" Bankruptcy Intensifies Concern On Air Ticket Prices

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  • "Armavia" Bankruptcy Intensifies Concern On Air Ticket Prices

    "ARMAVIA" BANKRUPTCY INTENSIFIES CONCERN ON AIR TICKET PRICES

    17:56, 5 April, 2013

    YEREVAN, APRIL 5, ARMENPRESS: Air ticket prices have increased after
    the suspension of "Armavia" flights. That was confirmed by tourism
    agencies. As representatives of Sidon Travel, Nata Tour, Abuacebuc
    tourism agencies noted in the interview with Armenpress air ticket
    prices had increased for more than AMD 20,000. Prices of tickets
    to Moscow and Dubai have increased for AMD 30,000. Tourism agencies
    are inclined to believe that price has increased due to suspension of
    "Armavia" flights. Tourism agencies don't exclude that the increase of
    flights' number will bring the prices of tickets to their usual level.

    Armenia's national air carrier "Armavia" air company made a decision
    to suspend the flights starting from April 1, 2013. The air company
    informed Armenpress that during the last three years the owner of
    the company implemented funds from other enterprises belonging to him
    aimed at the development of the Air Company. The situation became very
    complicated and hence, a decision was made to suspend all the flights
    and start the bankruptcy procedure. "Armavia" Air Company expresses
    its gratitude to the whole its passengers, whom they worked with for
    12 years.



    From: Emil Lazarian | Ararat NewsPress
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