The Armenian Air Arabia subsidiary Fly Arna has temporarily suspended its flight operations. According to the official announcement, this should only be temporary, as they are actively working on resumption.
The carrier is positioned as a low-cost airline and is an offshoot of Air Arabia. The majority is owned by the Armenian National Interests Foundation. The Air Arabia Group holds the remaining shares. In October 2021, the Armenian government subsidized the company's founding with the equivalent of ten million US dollars.
That was the goal of the cooperation to set up a kind of national carrier for Armenia. At peak times you had two Airbus A320s, which come from the Air Arabia Group stocks. In the end we were only traveling with one machine. Fly Arna was only granted an AOC and operating license in June 2022.
The first flight was carried out on July 3, 2022 and was from Yerevan to Hurghada. On the line you had also Russian destinations like Sochi in the portfolio. A shareholders' meeting did not take place until December 25, 2023. It was decided that the share capital would be increased to five million US dollars.
The cessation of flight operations took place at the beginning of February 2024. Before that, Fly Arna was only sporadically in the air. The company did not provide any further information about the possible timing of the aviation comeback. In any case, the homepage has also been taken offline in the meantime.
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