Armenia Twitter: March 2011

Armavia

Air Company "Armavia" (Armenian: Արմավիա) is an airline with its head office on the grounds of Zvartnots International Airport in Zvartnots, Armenia, near Yerevan. It operates international passenger services from Yerevan to destinations in Europe and Asia. Its main base is Zvartnots International Airport.

History

The Armavia company was established in 1996, but commercial flights to Russia and Turkey only started in 2001. In 2002, a strategic alliance was set up with the Russian airline S7 Airlines which purchased 50% of Armavia's shares from the "Chernomoravia" company under the name of the "Aviafin" company registered in Armenia but which belongs to the leadership of S7 Airlines as natural persons. Later, it bought an additional 18% of shares from Mika Armenia Trading company owned by prominent Armenian businessman Mikhail Baghdasarov. An investment contract between S7 Airlines and Armavia was signed on 14 March 2003, at which point 68% of Armavia's shares were owned by S7 Airlines, and the remaining 32% by Mika Armenia Trading.

In 2003, Armavia overtook a part of the bankrupt Armenian Airlines' flights. In 2005, Mikhail Baghdasarov's Mika Armenia Trading bought S7's 68% of shares and became Armavia's principal shareholder with a 100% stake in the company. In 2005, the airline transported 513,800 passengers with over 550 people in its personnel. The turnover for 2005 amounted to roughly $90 million. In 2007, the airline transported 572,300 passengers by regular and charter flights, which is a 21% increase compared to 2006.

The airline is owned by MIKA Armenia Trading (100%).

In 2010, the airline transported over 800,000 passengers.

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Zvartnots International Airport

Zvartnots International Airport, is located near Zvartnots, 12 km (7.5 mi) west of Yerevan, the capital city of Armenia. The airport was built in 1961. It is now the busiest airport in Armenia and the Caucasus. The draftsmen of the airport included architects M. Khachikyan, A. Tarkhanyan, J. Sheqhlyan, L. Cherkezyan and designers H. Tigranyan, A. Meschyan, and constructor M. Baghdasaryan. The airport was renovated in the 1980s with the development of a new terminal area, in order to meet domestic traffic demands within the Soviet Union.

When Armenia declared its independence from the Soviet Union in the 1990s, the considerable growth of cargo shipments resulted in the construction of a new cargo terminal in 1998, with modern technical equipment that can handle about 100,000 tonnes of cargo annually.

In 2001, a 30-year concession agreement for the management of operations at the airport was signed with Armenia International Airports CJSC, owned by Argentine company Corporation America, which is in turn owned by Armenian Argentine businessman Eduardo Eurnekian. As part of that agreement, Armenia International Airports CJSC committed itself to renovate and expand the airport in order for it to become a vital link for tourism and commerce between Asia and Europe, as well as to modernize its facilities and services.

As part of those commitments, renovation and expansion work began in 2004, culminating in the opening of a new international terminal on June 1, 2007, after 40 months of work. Yet another terminal is going to be built, housing passenger check-in counters and customs control. It is planned to open in November 2011.

In 2006, Zvartnots airport handled a total of 1,125,698 passengers, representing an increase of 1.3% over the previous year.

In 2007, that number grew to 1,387,002 passengers, a 23.2% increase over the previous year. In 2008 the total number of passengers grew to 1.48 million.

Currently, the airport's manager is Juan Pablo Guechigian.

Armenian International Airways

Armenian International Airways (Armenian: Հայկական Միջաջգային Ավիաուղիներ, Haykakan Mijajgayin Aviaughiner; AIA) was a privately-owned airline operating international passenger flights based from Zvartnots International Airport in Yerevan, Armenia.

History

Armenian International Airways was jointly established on July 12, 2002, by Armenian businessmen Gagik Tsarukian, Hrair Hakobian, and Levon Baghdasarian. AIA initially intended to lease three Airbus aircraft by 2003 for flights to Paris, Amsterdam, and Frankfurt. On January 1, 2005, the company merged with Armavia.

Routes

AIA operated scheduled flights from Yerevan to Western Europe, notably many former Armenian Airlines routes.

Fleet

AIA operated one leased Airbus A320-200. This aircraft was destroyed in a fire at Brussels Airport on 5 May 2006 , along with one of Armavia's own A320s.