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Foreign firms boost ticket price to Russia after Armavia bankruptcy

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  • Foreign firms boost ticket price to Russia after Armavia bankruptcy

    Foreign firms boost ticket price to Russia after Armavia bankruptcy

    April 6, 2013 - 13:38 AMT


    PanARMENIAN.Net - Armavia air company's bankruptcy prompted a new
    development of events. Immediately after cancellation of the Armenian
    air company's flights, foreign companies boosted prices for plane
    tickets to Russia.

    With Armenian officials unable to change the situation, foreign
    companies are now free to change prices the way they see fit, Mir 24
    TV channel says.
    The officials, however, promise to deal with the problem. `Air
    companies who've had longstanding partnership with Armenia and who're
    hoping for their further development mustn't use this situation to
    reap benefit," Deputy Economy Minister Ara Petrosyan said.

    On April 1, Armavia airway company declared bankruptcy. The company
    will be returning money for the purchased tickets starting April 11.

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