The government of Armenia hasn’t decided yet over extension of
Armavia company’s license period, according to an article published in
Orakarg newspaper (Agenda) on Thursday.
Armavia was established in 1996. In 2005, MIKA Limited President
Mikhail Baghdasarov, one of Armenia’s most prominent entrepreneurs,
became the sole owner of the company. Armavia operates more than 100
flights a week to 40 destinations in 20 countries. The company operates
Airbuses, CRJs, Boeings and Russia-produced Sukhoi Superjets.
Source: arka.am
Within the frames of the agreement signed on March 14, 2003, the
government authorized Armavia, Armenia’s national air carrier, to
operate flights to some particular destinations.
Upon the expiration of the license period, General Department of
Civil Aviation of Armenia should propose to the government to either
extend the license period of the company or to announce a contest for
air carriers to operate the flights to the same destinations thus
liberalizing the air traffic market.
“The government hasn’t decided yet whether to liberalize the air
traffic market or to extend Armavia’s monopoly,” the newspaper says.
In addition, as of March 14 General Department of Civil Aviation of Armenia hasn’t submitted any proposals yet.
Source: arka.am
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