'Armenia International Airports' CJSC continues working actively with other operating air companies to fill possible gaps in market

'Armenia' International Airports' CJSC has disseminated an announcement, Wednesday:

"Being concerned about the situation created over Armavia Air company and despite of having suffered many losses like the other interested parties, we would like to announce that our company continues working actively with the other operating air companies with the purpose of filling the possible gaps created in the market.

Particularly, we would like to inform that agreements have been reached with the following  air companies on the increase of the number of flights:

Austrian Airlines will start to perform 7 flights per week Czech Airlines-7 flights Alitalia-3 flights

LOT Polish Airlines will restart its flights from the beginning of June by performing 5 flights per week. Discussions on the increase of flight frequencies are held with many other air companies.

It is expected that the air company Fly Dubai will increase the number of its flights up to performance of daily flights."

Levon Ghazaryan, Head of the Armavia IT-Service told ArmInfo Tuesday that that Armavia's bankruptcy will affect not only the citizens of Armenia but also Zvartnots Airport that was reconstructed on Armavia's allocations. Armavia paid the airport 52 million drams per 9 flights. This amount was by 25% higher for nighttime flights.  The company made over 350 flights monthly and 24 flights daily. Other airlines make one-two flights a week. It is not clear who will serve
the board number 1 (the president's plane) instead of Armavia. 

Bagdasarov set up Armavia in 1996 and sold it to Russian S7. In 2005 pressured by the Armenian tax authorities, S7 gave the company back to Bagdasarov. Today Armavia carried out over 100 flights to over 40 destinations in 20 countries. It was the first to exploit SSJ-100. In autumn 2012 Sukhoi Civil Aircrafts reported that Armavia's debt for exploitation of SSJ-100 was over $4 million, inclusive of the underfinanced transactions on the aircraft, debt for service and
spare.