Armavia

Armavia ( ) was Armenia's flag carrier that existed between 1996¹ and 2013. Headquarters were located close to Yerevan Zvartnots International Airport. It operated international passenger services from Zvartnots International Airport main base to destinations in Europe and Asia. On March 29, 2013, Armavia announced the decision to file bankruptcy proceedings and suspend operations as of 1 April 2013. All flights were cancelled by the evening of the announcement.

Armavia ( ) was Armenia's flag carrier that existed between 1996 and 2013. Headquarters were located close to Yerevan Zvartnots International Airport. It operated international passenger services from Zvartnots International Airport main base to destinations in Europe and Asia. On March 29, 2013, Armavia announced the decision to file bankruptcy proceedings and suspend operations as of 1 April 2013. All flights were cancelled by the evening of the announcement.

History

Armavia was established in 1996, but commercial flights to Russia and Turkey only started in 2001. In 2002, a strategic alliance was established with the Russian airline S7 Airlines (formerly Sibir Airlines) which purchased 50% of Armavia's shares from "Chernomoravia" company under the name of "Aviafin" company, registered in Armenia but belonging to the leadership of S7 Airlines as natural persons. Later, S7 bought an additional 18% of shares from Mika Armenia Trading company, owned by prominent Armenian businessman Mikhail Baghdasarov. An investment contract between S7 and Armavia was signed on 14 March 2003, at which point 68% of Armenian airline shares were owned by S7, and the remaining 32% by Mika Armenia Trading. In 2003, Armavia took over a part of the bankrupt Armenian Airlines' operations. In 2005, Mikhail Baghdasarov's Mika Armenia Trading bought S7's 68% of shares and became Armavia's only shareholder with a 100% stake in the company. In 2005, the airline transported 513,800 passengers and had over 550 employees¹. The turnover for 2005 amounted to roughly $90 million. In 2007, the airline transported 572,300 passengers on scheduled and charter flights, a 21% increase compared to 2006. In 2010, the airline transported over 800,000 passengers. On 21 April 2011, Armavia became the first airline to fly Sukhoi Superjet 100 from Yerevan to Moscow. On 29 March 2013, Armavia ceased flying and filed for bankruptcy after operating for two consecutive years in financial depression. The airline left many passengers stranded in various airports. Not all passengers received refunds after ceasing operations.

Codeshare agreements

Armavia had codeshare agreements with the following airlines: Aerosvit airBaltic Air France (SkyTeam) El Al Rossiya Airlines Kuban Airlines LOT Polish Airlines (Star Alliance) Transaero Ural Airlines UTair VIM Airlines

Fleet developments

]] On 1 September 2007, Armavia signed a multimillion-dollar agreement with Russia's Sukhoi Civil Aircraft for two Sukhoi Superjet 100-95LR aircraft by the end of 2009. Under the agreement, Armavia had the option to acquire another two SuperJet 100-95LRs in the future. On 19 April 2011, Armavia took delivery of the first Sukhoi Superjet 100. In doing so, Armavia became the first company to put the aircraft in commercial revenue service. On 9 July 2012, it cancelled its order for a second Sukhoi Superjet 100. On 7 August 2012, it was reported that Armavia had decided to return its remaining Sukhoi Superjet 100 to the manufacturer, citing reliability concerns. On 2 October 2012, the airline agreed to take back the first SSJ.

References

External links

Text derived from https://en.wikipedia.org/w/index.php?oldid=1371312910 under CC BY-SA 4.0; modifications have been made.