On January 27, Armenian National Airlines CJSC, which is known as Fly Arna, has been declared bankrupt by the Bankruptcy Court, reports."Hetq"to:
It should be reminded that the airline, which was launched in July 2022, stopped flight activities in July 2021, and in March of the same year it became known that the company was closed.
The founders of "Armenian National Airlines" CJSC are three of the State Interests Fund of Armenia (49%), which is known as AnIF, is considered a subsidiary of Air Arabia Air Arabia Air Arabia Air Arabia (FZE) ) - (49%), as well as Lebanese-Armenian economist, business Varuzhan Nergizyan, which involved in the financial and banking sector of the Arab world.
The Governor of Fly Arna was Air Arabia. The direct executive head of the joint Armenian-Arab airline, the chief executive director of Air Arabia, was Anthony Price.
Two major shareholders of "Fly Arna", AnIF (or or rather, the government) and Air Arabia have been turned into a clear confrontation in early 2024, leaving their trace on air carrier.
In March 2024, Fly Arna workers received notices of dismissal, and in April it was found that Anthony Price left Armenia. Air Arabia itself has refused the management of "Fly Arna", which was a surprise for the Armenian side. And although the airline remained without director, the Arabs did not agree to the Armenian side, to appoint a new director to resolve the issue of employees' salaries (needed signature of the head). The head of the Legal Department of Air Arabia told "Fly Arna" that the carrier's direct owners (Air Arabia's daughter) and the Armenian AnIF are negotiating "Fly Arna" On the necessary liquidation, within the framework of which the liquidation commission will be appointed to pay salaries and to officially close. The representative of the Arab side noted that it is a difficult process and demands the consent of all shareholders, but AnIF does not agree to the proposed steps.
In turn, the employees of the airline expressed the opinion that the Arabs are not in favor of closing the company through the company's shareholders to fulfill the creditors, including the employees, according to the employees, Air Arabia. did not want to.
And as long as both sides did not agree on how to dissolve "Fly Arna", the latter's planes came to the arena, demanding his money. In fact, the subsidiary of Air Arabia is actually a subsidiary.
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