LUFTHANSA OPERATES IN ARMENIA FOR A YEAR

YEREVAN, JUNE 2, NOYAN TAPAN. It will be a year on June 3 since the
German airline Lufthansa started operating in Armenia by launching
Munich-Yerevan flight. In this connection the Lufthansa Yerevan Office
organized a visit of Armenian reporters to Munich. Director of the
company’s Yerevan and Ukrainian offices Antonio Kuoko assessed
positively the operation of flights to Yerevan, noting that in case of
the Armenian side’s consent, they will increase the number of
flights. To recap, Lufthansa currently operates two flights a week to
Yerevan. A. Kuoko said that Lufthansa is the only airline in the world
to have its own terminal. It owns 40% of shares of Munich Airport’s
terminal.

Terminal-2 was built in 2003. The airline operates 2,361 flights in 95
destinations weekly. It was noted that Lufthansa intends to build a
third terminal. In 2005, the airline made a profit of 577 mln euros
and plans to increase this figure to about 1 bln euros in 2008. Last
year the revenues of Lufhansa amounted to 18.1 bln euros, exceeding
the previous year’s index by 6.5%.