Air Arabia has made this announcement:
The Armenian National Interests Fund (ANIF) and Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, have announced the signing of an agreement to launch Armenia’s new national airline. The agreement will see the establishment of an independent joint venture company that will operate as a low-cost passenger airline with Yerevan’s Zvartnots International Airport (EVN) as its base.
The announcement was made following a signing ceremony and a press conference held at Yerevan’s Zvartnots International Airport and attended by H.E Tigran Avinyan, Deputy Prime Minister of Armenia and H.E Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia.
The new national airline will serve the strategic vision of Armenia’s fast-growing travel and tourism sector as well as contributes to the country’s economic growth, while providing Armenians with a reliable and value for money air travel.
The name of the airline will be decided by the people of Armenia through an open competition that starts today and lasts for four weeks, whereby Armenian’s wishing to participate can send their name suggestions to email@example.com. The last day for participating is August 14, 2021 after which the company’s board of directors will go through received suggestions and select the
Based in Yerevan, the new company will adopt the low-cost business model operated by Air Arabia. Work on securing the Air Operating Certificate (AOC) – which allows the airline to start operating- will commence shortly. More details about the launch date, fleet, and destination network will be announced in due course.
Over the course of the past decade, Armenia has recorded some impressive gains as its tourism industry begins to recognize its full potential. The Armenian travel and tourism sector contributed to nearly 11.8 percent of the country’s GDP in 2019 and accounted for 12.5 per cent of the total employment.