ARMAVIA PLANS TO LEASE FOUR AIRCRAFTS

Armenpress
Oct 02 2006

YEREVAN, OCTOBER 2, ARMENPRESS: Armenia’s leading carrier, Armavia,
said today it will obtain four new aircrafts. Businessman Mikhail
Baghdasarov, who owns the carrier, said the carrier will most likely
lease an A-321, two A-320 and one 70-seat smaller planes.

He said the agreement on the small plane was reached and very soon
it will arrive in Armenia. He said airbuses will arrive in the first
half of next January. Baghdasarov said Armavia plans to open new
flights next year, particularly to New Delhi, Birmingham, Minsk and
Amsterdam. It will also resume flights to Tehran.

On May 3, 2006, an Armavia Airbus A320 operating Armavia Flight 967
crashed in the Black Sea en route from Yerevan to Sochi, a resort
town in Russia. On May 5, 2006, another Armavia A320 was one of four
aircraft destroyed during a fire at a maintenance hangar belonging
to Sabena Technics at Brussels Zaventem Airport, Belgium.