Friday, January 21 2022 14:05

ArmInfo.Fly Arna, Armenia's national airline and a joint venture company between the Armenian National Interests Fund (ANIF) and Air Arabia Group, announces the  appointment of its Board of Directors.

As the press service of the Armenian National Interests Fund (ANIF)  reports, the company's Board of Directors consists of the following  five Directors each of which is appointed for a period of three  years:Mr. David Papazian, Chief Executive Office, ANIF; Mr. Eduard  Mkrtchyan, Chief Operating Officer, ANIF; Mr. Adel Ali, Chief  Executive Officer, Air Arabia Group; Mr. Housam Raydan, Director, Air  Arabia Group; and Mr.  Nico Buchholz, expert independent director.   Fly Arna's Chairman of the Board will be permanently nominated by  ANIF. During the first three years of operation, the appointed  Chairman is ANIF's Chief Executive Officer, Mr. David Papazian.  The  board members bring extensive expertise and leadership skills, and  they are all well recognized for their contributions in their  respective industries. Together, they bring rich experience in  Finance, Aviation and Tourism that will provide guidance and support  as the company delivers on its strategy of building a reliable  operation, achieving accelerated growth,and creating long-term value  to its customers and shareholders.

With ZvartnotsInternational Airport in Yerevanas its base, 'Fly Arna'  follows Air Arabia Group's successful low-cost business model  offering comfort, reliability, and value-for- money air travel.

Fly Arna is Armenia's national airline and a joint venture company  between the Armenian National Interests Fund (ANIF) and Air Arabia  Group. Based in Zvartnots?International Airport (EVN) in Yerevan, Fly  Arna follows the successful low-cost business model operated by Air  Arabia that focuses on offering comfort, reliability, and  value-for-money air travel.  A few days earlier, Air Arabia Group CEO  Adel Abdullah Ali said that Fly Arna plans to start air travel at the  end of May. According to the business plan of the newly established  company, the main destinations of Fly Arna will be Central Asia, the  Middle East, and neighboring countries, as well as a fairly wide  coverage of the Russian Federation.

Air Arabia is an Arab low-cost airline that was established in 2009,  headquartered in the city of Sharjah, operating in the passenger  transportation market from the airports of Sharjah and Alexandria, as  well as from four airports in Morocco, to the countries of the Middle  East, Southeast Asia, Europe and the CIS. The airline is the first  low-cost carrier in the Middle East, and operates flights to 89  cities around the world. The airline has its own subsidiaries - Air  Arabia Egypt in Alexandria (Egypt) and Air Arabia Maroc in  Casablanca.  in 2013, Armenia was left without a national air carrier  due to the bankruptcy of Armavia, after which Air Armenia also left  the country's aviation market, unable to withstand competition with   Russian carriers.