Head of Armenian Civil Aviation Committee sees problem in creation of national carrier
13.02.2020,
14:22
Head of Armenian Civil Aviation Committee Tatevik Revazyan, spoke Thursday at the National Assembly's session, answered a question about possibility of appearance of a national air company. "Are we ready to have a national carrier which would operate flights with empty aircrafts? Are we ready to pay for that? First of all it is necessary to answer these questions," she said.
YEREVAN, February 13. /ARKA/. Head of Armenian Civil Aviation Committee Tatevik Revazyan, spoke Thursday at the National Assembly's session, answered a question about possibility of appearance of a national air company. "Are we ready to have a national carrier which would operate flights with empty aircrafts? Are we ready to pay for that? First of all it is necessary to answer these questions," she said.
Revazyan said that everybody wants to fly in airplanes of a national air company, but it is necessary to reckon with the reality. "If wee look at things in the world, we see that competition is tightening," she said. "Europe will look like America - it will have less air companies and they will play a big role. If you want to compete, you should have 200 to 300 airplanes."
National Carrier Problem
After the bankruptcy of Armavia Air Company in 2013, a new company, Air Armenia, which operated only charter cargo transporting flights to the CIS, Europe, Middle East, Asia and Africa, but wanted to embark on passenger transportation, expressed intention to come to the Armenian market. Air Armenia however, found itself on the verge of bankruptcy in October 2014, ceased operating flights and decided to take drastic steps to restructure its financial resources.
In August 2015, bonds totaling $68.6 million came to the company's balance from its new shareholder -East Prospect Fund (investment fund). But an incident with Arsen Avetisyan, head of Air Armenia, jeopardized the new shareholder's investments. Avetisyan was bitten by, as he said, Ruben Hayrapetyan, the then president of Armenian Football Federation.
In 2016, Armenia Air Company, partly owned by Georgia's air company Airzena, expressed interest in becoming national carrier.
On December 16, 2019, Tatevik Revazyan said that the committee is accepting applications and proposals connected with the national carrier status, discussing them and submitting to the government. -0---
Revazyan said that everybody wants to fly in airplanes of a national air company, but it is necessary to reckon with the reality. "If wee look at things in the world, we see that competition is tightening," she said. "Europe will look like America - it will have less air companies and they will play a big role. If you want to compete, you should have 200 to 300 airplanes."
National Carrier Problem
After the bankruptcy of Armavia Air Company in 2013, a new company, Air Armenia, which operated only charter cargo transporting flights to the CIS, Europe, Middle East, Asia and Africa, but wanted to embark on passenger transportation, expressed intention to come to the Armenian market. Air Armenia however, found itself on the verge of bankruptcy in October 2014, ceased operating flights and decided to take drastic steps to restructure its financial resources.
In August 2015, bonds totaling $68.6 million came to the company's balance from its new shareholder -East Prospect Fund (investment fund). But an incident with Arsen Avetisyan, head of Air Armenia, jeopardized the new shareholder's investments. Avetisyan was bitten by, as he said, Ruben Hayrapetyan, the then president of Armenian Football Federation.
In 2016, Armenia Air Company, partly owned by Georgia's air company Airzena, expressed interest in becoming national carrier.
On December 16, 2019, Tatevik Revazyan said that the committee is accepting applications and proposals connected with the national carrier status, discussing them and submitting to the government. -0---
