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  • "Armenia - International Airports" Negotiating With Air Companies To

    "ARMENIA - INTERNATIONAL AIRPORTS" NEGOTIATING WITH AIR COMPANIES TO INCREASE FLIGHT FREQUENCY

    YEREVAN, April 3. /ARKA/. Armenia - International Airports company that
    operates Zvartnots airport in Yerevan is negotiating with different
    air companies to increase frequency of flights, the company's press
    office reported.

    The company's press report expresses concerns over the situation.

    Despite the losses suffered together with other involved parties,
    the company makes continuos efforts to fill in the gaps in the market,
    says the report.

    Armavia Armenian air company has announced its decision to stop flying
    as from April 1 and to start a bankruptcy process.

    The press office of Armenia - International Airports also said that
    an agreement was reached with the Austrian Airlines, Czech Airlines
    and Alitalia to increase flight frequency: from now on, the first two
    air companies will fly seven days per week and Alitalia will operate
    three flights weekly.

    Flights by Polish LOT will be reopened as from June (five flights
    per week).

    Negotiations are under way with some other air companies.

    The company also expects to increase flights operated by Fly Dubai
    air company to daily.

    Armenia - International Airports closed joint stock company is
    operating Zvartnots and Shirak airports under a concession agreement
    signed with the Armenian government in 2001 for 30 years.

    The company is owned by Argentinean "American International Airports"
    company belonging to Argentinean of Armenian origin Eduardo Eurnekian.

    -0-

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