Friday, December 1 2023 18:12
Alina Hovhannisyan

Vahan Kerobyan: Fly Arna national air carrier needs additional  funding

Vahan Kerobyan: Fly Arna national air carrier needs additional  funding

ArmInfo.Fly Arna national air needs additional funding.  Armenian Minister of Economy Vahan  Kerobyan told reporters during a briefing on December 1, answering a question regarding the possible cessation of flights by the airline in Armenia.  "I do not have such information. I know that the company needs additional financing, and this issue is now being discussed. I think appropriate solutions will be found. We are working with the company," the minister noted.

However, he did not specify what decisions he was talking about.

Let us recall that in connection with the widespread rumors about Air  Arabia's intentions to leave the Armenian air transportation market  already in December of this year and withdraw from the authorized  capital of the established joint airline Fly Arna, at the request of  ArmInfo to comment on this news, the Civil Aviation Committee of  Armenia stated that they did not have information about the company's  possible withdrawal from the Armenian market.

 As sources close to the Arab airline told ArmInfo, the reason for  this intention was the failure of the Armenian side to fulfill a  number of agreed upon agreements. Let us remind you that on December  10, 2021, Armenian National Airlines CJSC received state registration  and began operating in Armenia under the Fly Arna - ARmenian National  Airlines trademark.

The project to establish a new airline became known in July 2020,  when the executive director of the Armenian National Interests Fund  (ANIF) David Papazyan and the general executive director of the Ali  al Ali budget airline based in the Arab Sharjah signed an agreement.

Initially, it was known that the newly established company would  operate on a low-cost business model, in other words, it would be an  Armenian low-cost airline (such airlines offer passengers low prices,  but at the same time an incomplete, that is, not a generally accepted  list of services).

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