Armavia keeps developing amid airline industry drop

Armavia keeps developing amid airline industry drop

PanARMENIAN.Net - Oil price surge amid international tensions negatively affects airline industry, according to Armavia airline company owner.

“This led to the bankruptcy of several international airline companies, namely Czech Airlines, Spanish airlines, while Frankfurt airport is on strike,” Mikhail Baghdasarov said.

In this context, the company owner dismissed the dependence of the air ticket prices on the company itself.

“We will do the utmost to prevent extreme price rise,” he said.

On February 29, Transaero Airlines started launching regular flights by Moscow-Yerevan-Moscow route under the codeshare agreement reached with Armavia Airlines at the end of 2011. Baghdasarov further noted that already in April the second aircraft Sukhoi Superjet will be at Armavia’s disposal. The company also plans to replenish its fleet with 321 and 320 airbuses.

Despite tense situation in global airline industry, Armavia keeps developing.

 Top stories
In January-October 2014, the country’s exports totaled $1.250 billion, up %2.9 from last year, National Statistical Service said.
As a consulting partner, offering an extensive range of financial assistance, Ameriabank is financing a developing sector of industrial agriculture.
The mining right was granted to Geoteam CJSC, Lydian's 100% owned subsidiary, by the Ministry of Energy and Natural Resources.
Novak said the recent sanctions against Russia will not affect Turkey’s first nuclear plant, which is being built by Russian Rosatom.
Partner news