Air Armenia

==Armenian Airlines==
===1991–2003===
Armenian Airlines was established shortly after independence in 1991 from Aeroflot's Armenia directorate, and was the sole carrier in Armenia until 2002, when private companies Armenian International Airways and Armavia began to compete with it.
Profitable until 1997, Armenian Airlines began a decline in 1998 which executive director Arsen Avetisian blamed on the 1998 Russian financial crisis. Additionally, technical problems with its sole Airbus A310 helped lead the company towards financial problems. The company began to join forces with Belgian operator VG Airlines (later renamed Delsey Airlines); but the Belgian carrier had to file for bankruptcy on November 5, 2002. Armenian Airlines was reported to be looking for cooperation with Armenian International Airways to continue or restart its flights into Europe. When Armavia (which was owned by Siberia Airlines) entered into an agreement with the Armenian government and was granted most of Armenian Airlines' flight rights, including the lucrative Yerevan to Moscow route, Armenian Airlines was unable to recover, and officially declared bankruptcy on April 15, 2003.
==Air Armenia==
===2003–2014===
On March 18, 2003, Armenian Airlines was replaced by Air Armenia. It was a passenger and cargo airline with its head office in Yerevan, Armenia. Its base was Zvartnots International Airport in Yerevan.
That year, the airline was established and started operations on this day. Since all passenger rights were granted on an exclusive basis to Armavia in 2003, Air Armenia could only operate cargo aircraft.
On 29 October 2014, the airline suspended all operations until at least 20 December due to financial problems. 
Category:Armenia
Category:Airlines
Category:Arlines in Armenia
Category:1990s
Category:1991