According to news from Aircompany Armenia, the airline still remains in the red but insists it will become financially successful in three years’ time.
Last week at MITT 2016, Armenian Ambassador to Russia Oleg Yesayan attended the opening ceremony of Russia’s most important travel expo.
According to news from Armenia’s Economic Ministry, some 35,000 Iranian tourists visited the country in the first half of this 2014. Over 495,000 tourists from Iran came to Armenia, an increase of some 17.3% compared to the same period last year.
In hotel news from Armenia, a new Hyatt property is slated to open in 2015. The Hyatt Jermuk will reportedly be an 88-room new-build hotel in the center of Jermuk Resort.
News of Armenia’s national airline Armavia going into bankruptcy proceedings took another twist today as rumors surface the fallen airline may be bought up, according to news from 168 Hours.