Armavia
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| Founded | 1996 | ||||||
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| Ceased operations | 1 April 2013 | ||||||
| Hubs | Zvartnots Airport | ||||||
| Parent company | Mika Armenia Trading | ||||||
| Headquarters |
Zvartnots International Airport Yerevan, Armenia |
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| Key people | Norayr Belluyan | ||||||
Armavia (Armenian: Արմավիա) was an airline which existed between 1996 and 2013. It was Armenia's flag carrier, with its head office on the grounds of Zvartnots International Airport in Zvartnots, Armenia, near Yerevan. It operated international passenger services from Yerevan to destinations in Europe and Asia. Its main base was Zvartnots International Airport.
On March 29, 2013, Armavia announced the decision to begin filing bankruptcy proceedings and suspend operations on April 1, 2013. All flights had been cancelled as of the evening of March 29, 2013.
The Armavia company was established in 1996, but commercial flights to Russia and Turkey only started in 2001. In 2002, a strategic alliance was set up with the Russian airline S7 Airlines which purchased 50% of Armavia's shares from the "Chernomoravia" company under the name of the "Aviafin" company registered in Armenia but which belongs to the leadership of S7 Airlines as natural persons. Later, it bought an additional 18% of shares from Mika Armenia Trading company owned by prominent Armenian businessman Mikhail Baghdasarov. An investment contract between S7 Airlines and Armavia was signed on 14 March 2003, at which point 68% of Armavia's shares were owned by S7 Airlines, and the remaining 32% by Mika Armenia Trading.
In 2003, Armavia took over a part of the bankrupt Armenian Airlines' flights. In 2005, Mikhail Baghdasarov's Mika Armenia Trading bought S7's 68% of shares and became Armavia's principal shareholder with a 100% stake in the company. In 2005, the airline transported 513,800 passengers with over 550 people in its personnel. The turnover for 2005 amounted to roughly $90 million. In 2007, the airline transported 572,300 passengers by regular and charter flights, which is a 21% increase compared to 2006.
The airline is owned by MIKA Armenia Trading (100%).
In 2010, the airline transported over 800,000 passengers.
On April 21, 2011, Armavia became the first airline to fly Sukhoi Superjet 100 from Yerevan to Moscow.
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