HEAD OF MAIN DEPARTMENT OF CIVIL AVIATION: THERE IS NO<br /> CONCERN YET ABOUT DEBTS OF AIRLINES OPERATING BETWEEN ARMENIA<br /> AND OUTSIDE WORLD<br />


HEAD OF MAIN DEPARTMENT OF CIVIL AVIATION: THERE IS NO
CONCERN YET ABOUT DEBTS OF AIRLINES OPERATING BETWEEN ARMENIA
AND OUTSIDE WORLD

  • 29-08-2008 23:00:00   | Armenia  |  Economy
YEREVAN, AUGUST 29, NOYAN TAPAN. There is no concern yet about possible debts of the airlines operating between Armenia and the outside world, the head of the RA government-adjunct Main Department of Civil Aviation Artyom Movsesian stated on August 29. He explained that in international civil aviation, expenses are compensated in a period of up to three months. By international practice, the payments for airport services, in particular, for fuel and aeronavigation services, are transferred to the International Air Transport Assosiation (IATA) and the clearing house, collected and paid to the airlines that provided services: this process lasts about three months. "Carrying out activities in aviation for three months is related to large sums and may cause someone's concern. Today I see no concerns," A. Movsesian said. According to him, Armenia has air communication with 33 cities of CIS, Europe and Asia. To recap, recently a Russian carrier had problems because of nonpayments for fuel, as a result of which many flights were delayed. A. Movsesian said that the aviation fuel prices have declined somewhat thanks to a fall in international stock prices of oil. This may be conducive to a fall in prices of plane tickets, in which the share of the aviation fuel cost is large.
  -   Economy