NATIONAL COMPETITIVENESS FUND OF ARMENIA STUDIES JUSTIFICATION OF AIR TICKET PRICES

ArmInfo
2010-02-16 17:23:00

ArmInfo. National Competitiveness Fund of Armenia is studying
justification of air ticket prices, Executive Officer of the Fund
Bekor Papazyan told media on Tuesday.

At present there are two contradictory viewpoints regarding this
problem. First, the price of air tickets is justified since Armenia is
a small and non-transit country. Therefore, the air traffic market is
very small and lowering the prices through increasing the number of
flights is difficult. The second opinion says that ticket prices are
overvalued. We will have own opinion only after conducting survey. But
one thing is clear: reducing ticket prices even by 10% will bolster
tourism like it was in the case of extension of flight destinations
in Armenia, B. Papazyan said.

Earlier the monopoly sale of JP fuel in Armenia was mentioned as one
of the reasons of high prices of air tickets. In October 2008 the
State Commission of Armenia on Protection of Economic Competition
surveyed this topic. Afterwards the company selling aviation fuel,
the International Airports – Armenia, reduced the price for JP fuel
nearly by 30%.

From: Emil Lazarian | Ararat NewsPress