ArmInfo. On June 2, the Armenian Government approved a proposal on conclusion of an Armenian-Chinese agreement on cooperation in air communication.
Armenian Economy Minister Artsvik Minasyan said that the proposal envisages revising the Armenian- Chinese agreement on civil aviation signed in 1996. The revision also stems from the need to conduct the open skies policy in civil aviation, as well as from the need to regulate the aviation relations of the two countries.
The minister noted that the new agreement will remove the restrictions related the list of air carriers and flight tariffs. "By preliminary arrangements, this will also allow the Armenian side to ensure the presence of an unlimited number of the Armenian air carriers' representatives in two cities of China," Minasyan said. The agreement will ensure market liberalization and establishment of equal conditions of competition for making flights to Armenia and from Armenia.
To remind, on October 23, 2013 the Armenian government approved the programme implying provision of competitive and long-term air transportation services in the country. The program is based on a joint study of McKinsey & Company and National Competitiveness Foundation of Armenia. The effect of the new policy appeared to be short-term. Following the liquidation of Armavia in 2013, the "open sky" policy resulted in large-scale exodus of foreign companies from the Armenian market. As a result, due to the high prices of air tickets, many Armenian passengers prefer to make use of the services of neighboring Georgia, where there are several low-cost European companies.