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Air Armenia asking government to exempt Armenian air companies from air tax
YEREVAN, December 20. /ARKA/. Air Armenia has proposed to the
government to repeal the so-called air tax for Armenian airlines,
general director of the company Arsen Avetisyan told a press
conference on Friday.
"We ask to repeal the air tax of 10,000 drams, like it has been done
for Giumry airport. Russian airlines don't pay the $23 in their
airports, unlike us", Avetisyan said.
On December 17, Armenia's parliament passed a law exempting the
passengers flying from Shirak airport in Giumry from the air tax.
Avetisyan said the air tax should be repealed to raise competitiveness
of the Armenian air companies.
"It is the best support that our government could give us today",
Avetisyan said.
In late October the management of Air Armenia resorted to drastic
measures to restructure the finances and change the flight schedules.
The company suspended its flights. Earlier, Air Armenia said mass
media allegations about problems in the company made sales drop by
80%, and the revenue fell to a critical minimum level.
The new investor and stockholder of Air Armenia, the East Prospect
Fund holding 49% of the stock, committed itself to investments worth
30 million dollars and is planning to increase the number of aircraft
in the fleet to 5.
Air Armenia began operating commercial passenger flights in 2013 after
the bankruptcy and liquidation of Armenia's national air carrier
Armavia.
East Prospect Fund is a licensed financial organization registered in
the British Virgin Islands. It is an investment partnership of a group
of individuals and legal entities. The assets managed by the fund are
assessed at $2.5 billion. -0--
http://arka.am/en/news/economy/air_armenia_asking_government_to_exempt_armenian_a ir_companies_from_air_tax/#sthash.1Fry6eJM.dpuf
YEREVAN, December 20. /ARKA/. Air Armenia has proposed to the
government to repeal the so-called air tax for Armenian airlines,
general director of the company Arsen Avetisyan told a press
conference on Friday.
"We ask to repeal the air tax of 10,000 drams, like it has been done
for Giumry airport. Russian airlines don't pay the $23 in their
airports, unlike us", Avetisyan said.
On December 17, Armenia's parliament passed a law exempting the
passengers flying from Shirak airport in Giumry from the air tax.
Avetisyan said the air tax should be repealed to raise competitiveness
of the Armenian air companies.
"It is the best support that our government could give us today",
Avetisyan said.
In late October the management of Air Armenia resorted to drastic
measures to restructure the finances and change the flight schedules.
The company suspended its flights. Earlier, Air Armenia said mass
media allegations about problems in the company made sales drop by
80%, and the revenue fell to a critical minimum level.
The new investor and stockholder of Air Armenia, the East Prospect
Fund holding 49% of the stock, committed itself to investments worth
30 million dollars and is planning to increase the number of aircraft
in the fleet to 5.
Air Armenia began operating commercial passenger flights in 2013 after
the bankruptcy and liquidation of Armenia's national air carrier
Armavia.
East Prospect Fund is a licensed financial organization registered in
the British Virgin Islands. It is an investment partnership of a group
of individuals and legal entities. The assets managed by the fund are
assessed at $2.5 billion. -0--
http://arka.am/en/news/economy/air_armenia_asking_government_to_exempt_armenian_a ir_companies_from_air_tax/#sthash.1Fry6eJM.dpuf