15 Sep
2024
28.3° c YEREVAN
20.4° c STEPANAKERT
ABCMEDIA
Air Arabia preparing to launch arbitration against Armenia

Air Arabia preparing to launch arbitration against Armenia

Armenian National Airlines CJSC, better known as Fly Arna, has not made flights since Jan. 16. This airline was a result of Armenian-Arab cooperation. Its 49% belonged to the Armenian National Interests Fund CJSC (ANIF), which was a state fund and is currently going into liquidation. Another 49% belonged to Air Arabia airline.

The owner of the remaining 2% was Armenian citizen Varuzhan Nergizyan, who was born in Aleppo and works in the business sectors of the United Arab Emirates, Lebanon and other countries of the Middle East.