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  • If mistakes are corrected, Armenia will hold one of the leading posi

    Secretary of Security Council: If mistakes are corrected, Armenia will
    hold one of the leading positions in world aviation

    ARMINFO
    Saturday, April 6, 16:09


    After the bankruptcy of Armavia, the national air carrier of Armenia,
    the air space of the country should be open for large foreign air
    carriers, and this will contribute to liberalization of this direction
    in economy, enhancement of competition and, consequently, reduction of
    air ticket prices and enhancement of the service quality, Artur
    Baghdasaryan, Secretary of the National Security Council of Armenia,
    said at today's press conference.

    "LOT Polish Airlines has already expressed its willingness to make
    flights from Armenia to Europe and back five times a week. The Russian
    air companies will also frequent their flights. But this does not mean
    that we don't take Armavia's bankruptcy seriously. Armenia should have
    a national air carrier, and we should correct the mistakes of the
    past. In aviation Armenia has very good and professional specialists.
    I think if the mistakes are corrected, Armenia will hold one of the
    leading positions in the world aviation", said Baghdasaryan.

    It should be noted, however, that according to the reports in Armenian
    media, after Armavia's bankruptcy Aeroflot (Russia) is going to
    increase the ticket prices from Armenia and to Armenia by 80 EUR.

    Armavia was founded in 1996. It belongs to Mikhail Bagdasarov,
    President of MIKA Limited, one of the biggest entrepreneurs of
    Armenia. Armavia made over 100 flights a week to more than 40
    destinations in 20 countries of the world. Armavia was the first to
    launch SSJ-100. In autumn 2012 Sukhoi Civil Aircraft reported that
    Armavia's debt for SSJ-100 was over $4 mln.

    The national air carrier of Armenia stopped its flights on April 1.
    "The situation shows that it is impossible to continue the work any
    longer, therefore, a decision has been taken to suspend the flights
    and launch the process of bankruptcy", the company reported. Armavia
    owes to the Russian airports, Federal Agency for Air Transport
    (Rosaviation) and banks. By unofficial data, VTB Bank filed a 22 mln
    USD claim against Armavia and MIKA Limited. Earlier the Bank
    refinanced the company's loans received for the purchase of the
    SSJ-100.


    From: Baghdasarian
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