A representative of Air Armenia airline has declined today comments on media reports claiming that the company has new owners.
On Monday a report on ArmNews TV’s website claimed that the airline will see major changes after changing owners, who will be announced in a few days. According to the report, the new owners of Armenia’s only airline are foreigners, but not from Russia.
“No comments for now. In a couple of days the company will make an official statement,” the airline’s representative told ARKA news agency.
In late October, Air Armenia decided to restructure its finances and change the flights schedule after seeing an 80 percent drop in air tickets sales. In a statement in late October Air Armenia blamed the dramatic drop on a ‘panic’ among investors and customers after Rosaeronavigatsia, a Russian federal air navigation service, said the Armenian airline had huge outstanding debts.
Air Armenia began operating commercial passenger flights in 2013 after the bankruptcy and liquidation of Armenia’s national air carrier Armavia.