Announcement

Collapse
No announcement yet.

'Armavia; Company Forecasts 13% Growth In Passenger Operations In 20

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • 'Armavia; Company Forecasts 13% Growth In Passenger Operations In 20

    'ARMAVIA; COMPANY FORECASTS 13% GROWTH IN PASSENGER OPERATIONS IN 2008

    ArmInfo
    2008-09-30 22:12:00

    ArmInfo. In 2008, "Armavia" CJSC, the national air carrier of Armenia,
    will increase the number of passenger operations by approximately
    13% (as against 572300 in 2007), Mikhail Bagdasarov, the owner of
    "Armavia" CJSC, told journalists during the event dedicated to the
    75th anniversary of Armenian civil aviation, Tuesday.

    According to him, this is not a bad index of growth and it is the
    company's undoubted success, if one takes into account the fact
    that many air carriers suffer losses due to decline in the volume of
    operations. At the beginning of the year the company was planning 20%
    growth, however, the international crisis in aviation caused by fuel
    price boost restrained this growth, Bagdasarov said. He pointed out
    that in Jan-Sep 2008 about 480 thsd passengers were carried, this index
    being by 12.9% higher than in the same period of 2007. Bagdasarov said
    that the growth in 2008 is guaranteed due to opening of 5 new flights.

    The company's owner thinks that the year 2009 will also be
    favorable for "Armavia" as the international prices of fuel are
    dropping. Zvartnots Airport is still using expensive jet fuel for
    the aircrafts, but in the near future cheaper fuel will be used,
    fueling prices will fall and the air ticket prices will fall, too. He
    expressed hope that the ticket prices will decrease also due to the
    decline or abolition of the "air tax" worth 10 thsd AMD.

    Within the next two years the company is going to increase the
    number of its planes to 16-17 as against present 9, as well as to
    open flights to the United States, China, India, Great Britain,
    Italy and Spain in 2008.
Working...
X