Flights to be conducted from Voronezh to Yerevan

ArmInfo. Since October 14 international airport in Voronezh opens flights to Yerevan with a new partner, Aif Chernozemye informs.  Regular flights will be conducted by Armenia Air Company. Boeing 737-500 designed for 132 passengers will fly to capital of Armenia on Tuesdays and Fridays.

To recall, the founders of the "Armenia" air carrier are Ashot Torosyan (51% stake), Tamaz Gaiashvili (25%) and Robert Hovhannisyan (24%). Tamaz Gaiashvili is the founder of the Georgian "Airzena" company and the former chairman of the company's Board of Directors, while Robert Hovhannisyan is the former deputy chairman.

To recall, the national air carrier of Armenia - Armavia - suspended its flights on 1 April 2013 and launched the bankruptcy procedure. In 2014 the same happened to Air Armenia. On October 23, 2013, the Armenian government approved the program 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. To note, following the liquidation of Armavia, 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.