The Armenian National Interests Fund (ANIF) and Air Arabia have joined forces to launch Armenia’s new national airline.
The agreement between the two entities will result in 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 recently at Yerevan’s Zvartnots International Airport. The ceremony was attended by Deputy Prime Minister of Armenia, HE Tigran Avinyan, and chairman, Air Arabia, HE Sheikh Abdullah Bin Mohammed Al Thani.
The new national airline is expected to facilitate the strategic vision of Armenia’s fast-growing travel and tourism sector, while also contributing to the country’s economic growth.
CEO, ANIF, David Papazian said: “We are excited to launch a new national low-cost carrier for Armenia that will contribute significant value to the economy and energise our travel and tourism sector. This builds on our commitment to partner with top global entities on transformational projects that catalyse our crucial economic sectors. Air Arabia has a well-established track-record in launching and operating successful LCCs, and its knowhow will be a differentiating strength of the new airline.”
Meanwhile, group CEO, Air Arabia, Adel Al Ali also noted: “We are delighted at Air Arabia Group to partner with ANIF on this joint venture to launch Armenia’s new national low-cost carrier. We see tremendous potential for Armenia in building its airline sector, which will add sustained value to the economy through job creation and the development of travel and tourism sector. We thank ANIF and the Civil Aviation Committee for their trust and we look forward to working hand in hand to develop the new airline, which will serve as a value-for-money air travel option for Armenians and visitors to the country.”
Finally, chair, Civil Aviation Committee of Armenia, Tatevik Revazian said: “Our vision for Armenia is to significantly improve air connectivity and as a result bring economic growth and jobs to the country. Having a strong national low-cost airline is essential for the development of Armenia’s air transport sector, especially as a tool to recover faster from the COVID-19 crisis. This partnership between ANIF and Air Arabia Group to launch a new airline reflects this vision. We are confident that the expertise Air Arabia brings to the JV will support the seamless launch and growth of the carrier. We look forward to the success of Armenia’s new national airline.”
The name of the carrier will be decided by the people of Armenia through an open competition that lasts four weeks. Armenian’s wishing to participate can send their name suggestions to email@example.com. The last day for participation is August 14.