No major changes in Armenia’s aviation market should be expected this year – civil aviation department chief

No major changes in Armenia’s aviation market should be expected this year – civil aviation department chief

YEREVAN, January 21. / ARKA /. Chief of Armenia’s Civil Aviation Department, Artyom Movsisyan, said today that major changes in Armenia’s aviation market should be expected no earlier than in 2015 spring.

Acting on a recommendation by McKinsey & Company and the National Competitiveness Foundation of Armenia the Armenian government liberalized the domestic civil aviation sector in late October last year saying that all local and foreign airlines meeting safety standards will be allowed to fly to and from Armenia without special authorizations or other restrictions.

Speaking at a news conference Movsisyan said the government has signed open skies agreements with several foreign airlines, but they will hardly start operating flights to and from Armenia this year.

According to him, airlines compose their flight plans twice a year - in March and October - and since Armenia decided to shift to “open skies” late last October, not all companies were able to adjust their plans.

He emphasized that local airlines did not express interest towards the new policy, most likely due to insufficient financial means.

"We are ready to work with all interested parties who wish and are ready to invest in the development of the aviation industry,” said Movsisyan .

Armenia's former national air carrier –Armavia –suspended flights from the 1st April 2013 to begin bankruptcy proceedings. It is the second bankruptcy of a national carrier. The first in 2003 was the Armenian Airlines” .

Currently, there is only one local operating airline - Air Armenia. -0-

16:02 21.01.2014

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