Owner of Armavia forecasts a slight drop in air ticket prices

2008-11-08 13:17:00

ArmInfo. Within the next two months air tickets in Armenia will
slightly drop in price, Mikhail Bagdasarov, the owner of "Armavia"
national air carrier of Armenia, told journalists, Friday. According to
him, the fall in oil and oil product prices must sooner or later cause
a drop in air ticket prices even in Armenia.

"If the price fall in Europe has already started, in Russia the price
doesn’t drop for unknown reasons. In France or Germany we can buy jet
fuel for 800 USD per ton, in Russia the price reaches 1200", Bagdasarov
said. Speaking of prices offered in Armenia, Bagdasarov noted that in
case of external risks Zvatnots Airport has to keep big volumes of fuel
which is later sold to air companies for old purchase prices. "Oil
prices started dropping in August-September. But the kerosene prices
have not changed since June. The supplier says that it is still selling
the old fuel reserve even though it is already selling fuel at reduced
prices. For the moment, the supplier, International Airports Armenia,
has 2,000 tons of $1,400/ton fuel left. This reserve may come to an end
in 15-20 days after which the price may drop to $1,000.

For the time being, Armavia is not refuelling its planes at Zvartnots
Airport; its planes are being reloaded at airports of other countries.