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  • Air Armenia asking government to exempt Armenian air companies from

    Air Armenia asking government to exempt Armenian air companies from air tax

    YEREVAN, December 20. /ARKA/. Air Armenia has proposed to the
    government to repeal the so-called air tax for Armenian airlines,
    general director of the company Arsen Avetisyan told a press
    conference on Friday.


    "We ask to repeal the air tax of 10,000 drams, like it has been done
    for Giumry airport. Russian airlines don't pay the $23 in their
    airports, unlike us", Avetisyan said.

    On December 17, Armenia's parliament passed a law exempting the
    passengers flying from Shirak airport in Giumry from the air tax.

    Avetisyan said the air tax should be repealed to raise competitiveness
    of the Armenian air companies.

    "It is the best support that our government could give us today",
    Avetisyan said.

    In late October the management of Air Armenia resorted to drastic
    measures to restructure the finances and change the flight schedules.
    The company suspended its flights. Earlier, Air Armenia said mass
    media allegations about problems in the company made sales drop by
    80%, and the revenue fell to a critical minimum level.

    The new investor and stockholder of Air Armenia, the East Prospect
    Fund holding 49% of the stock, committed itself to investments worth
    30 million dollars and is planning to increase the number of aircraft
    in the fleet to 5.

    Air Armenia began operating commercial passenger flights in 2013 after
    the bankruptcy and liquidation of Armenia's national air carrier
    Armavia.

    East Prospect Fund is a licensed financial organization registered in
    the British Virgin Islands. It is an investment partnership of a group
    of individuals and legal entities. The assets managed by the fund are
    assessed at $2.5 billion. -0--

    http://arka.am/en/news/economy/air_armenia_asking_government_to_exempt_armenian_a ir_companies_from_air_tax/#sthash.1Fry6eJM.dpuf

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