RUSSIAN AVIATION AUTHORITIES NOT BAN ARMENIAN ARMAVIA COMPANY’S FLIGHTS

ARKA News Agency, Armenia
Aug 4 2006

YEREVAN, August 4. /ARKA/. The Russian Federal Aeronautical Service
has not made a decision to ban flights of Armavia Air Company, the
press service of Armavia reported today.

"There were just certain difficulties that are already eliminated,
and the air company will continue to operate its regular flights on
the Russian territory," the press service of Armavia reported.

Armavia Air Company was founded on December 12, 1996. MIKA Armenia
Trading currently holds 100% of its shares. Its owner is well-known
businessman Mikhail Bagdasarov. R.O. –0–