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.