Air Armenia

Air Armenia CJSC

Company type	Private
Industry	Airline
Founded	2003
Founder	Versand Hakobyan, Gagik Tsarukyan
Defunct	29 October 2014
Headquarters	Yerevan , Armenia
Area served	Europe, Russia, Middle East
Products	Passenger and freight air transport

Air Armenia CJSC () functioned as a passenger and freight airline based in Yerevan, Armenia, with its main operations centered at Zvartnots International Airport.

History

Established in 2003, Air Armenia commenced its activities on 18 March of the same year. Initially, the airline operated solely cargo services because exclusive passenger flight rights were awarded to Armavia during that period. Ownership of the airline was held by Versand Hakobyan and Gagik Tsarukyan.

After the dissolution of Armavia in 2013, Air Armenia broadened its scope to include passenger transport, becoming the leading airline in Armenia. Passenger flight operations were officially authorized by the General Department of Civil Aviation of Armenia in July 2013.

Due to financial challenges, Air Armenia halted all flights on 29 October 2014. Subsequently, a Ukrainian investment fund acquired a 49% ownership share and committed a minimum of $30 million towards the airline’s revival, including plans for expanding its fleet. Nevertheless, as of 2024, these revitalization efforts have yet to come to fruition.

Destinations

Air Armenia served several major destinations throughout Europe and Russia, such as Athens, Frankfurt, Paris, and various Russian cities including Moscow, Saint Petersburg, and Yekaterinburg. Its central hub was located at Zvartnots International Airport in Yerevan, Armenia. The airline’s network also included Tehran and other regional airports in Russia before ceasing all operations.