Feb 3, 2010

Yerevan-Tbilisi flights suspended due to unprofitability

Yerevan-Tbilisi flights were cancelled due to unprofitability, Armavia president Mikhail Bagdasarov said on February 3, adding that within 10 months of 2009 the losses reached $3 million. He also informed that the company requested assistance of Tbilisi airport to cut taxes. “For each passenger we pay €21 plus other expenses, but they refused to do so. Therefore, we decided to suspend the flight,” Bagdasarov stated underlining that Georgian colleagues eventually lowered the tariffs and most possibly Yerevan-Tbilisi flight will be carried out starting February 10.
This year Armavia will operate new flights to Cyprus, Tel-Aviv, Delhi, Barcelona, and increase number of flights to Italy up to 4-5 times a week.
Company’s president also emphasized: “A new Boeing 767 will be purchased by the company shortly enabling long distance flights to the U.S., China, Thailand and Japan.”
Today, Armavia was awarded with IOSA (Operational Safety Audit) certificate by IATA for security. Bagdasarov noted that his company gets the certificate for the second time.

Source: news.am

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