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SOME $50-$100 MILLION ENOUGH TO SET UP A STATE-OWNED NATIONAL AIRLINE FOR ARMENIA
YEREVAN, April 10, /ARKA/. Shahen Petrosian, a former chief of
Armenia's Chief Aviation Department, says the government can create
a new state-owned airline.
Speaking at a news conference today he said this may cost from $50
million to $100 million. This amount, he said, is enough to set up
a national airline replicated from European's EasyJet or Ryanair,
which spend little time at airports.
Petrosian said the best option is to have two airlines, one of which
should be private to enhance competition.
Armenia's national airline Armavia terminated its flights to more
than 40 cities in Europe, the former Soviet Union and the Middle East
as it filed for bankruptcy on April 1, citing its inability to end
massive losses and repay debts to Yerevan's Zvartnots airport and
other partners. -0-
YEREVAN, April 10, /ARKA/. Shahen Petrosian, a former chief of
Armenia's Chief Aviation Department, says the government can create
a new state-owned airline.
Speaking at a news conference today he said this may cost from $50
million to $100 million. This amount, he said, is enough to set up
a national airline replicated from European's EasyJet or Ryanair,
which spend little time at airports.
Petrosian said the best option is to have two airlines, one of which
should be private to enhance competition.
Armenia's national airline Armavia terminated its flights to more
than 40 cities in Europe, the former Soviet Union and the Middle East
as it filed for bankruptcy on April 1, citing its inability to end
massive losses and repay debts to Yerevan's Zvartnots airport and
other partners. -0-