Foreign firms boost ticket price to Russia after Armavia bankruptcy

Foreign firms boost ticket price to Russia after Armavia bankruptcy
April 6, 2013 - 13:38 AMT

PanARMENIAN.Net - Armavia air company’s bankruptcy prompted a new development of events. Immediately after cancellation of the Armenian air company’s flights, foreign companies boosted prices for plane tickets to Russia.

With Armenian officials unable to change the situation, foreign companies are now free to change prices the way they see fit, Mir 24 TV channel says.

The officials, however, promise to deal with the problem. “Air companies who’ve had longstanding partnership with Armenia and who’re hoping for their further development mustn’t use this situation to reap benefit," Deputy Economy Minister Ara Petrosyan said.

On April 1, Armavia airway company declared bankruptcy. The company will be returning money for the purchased tickets starting April 11.

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