Air Armenia (Yerevan) has suspended operations until December 20 to allow for an overhaul to the carrier's current business plan. Airline management told the Armenian national newswire, Arminfo, that the downtime will allow it to raise fresh funding to reacquire its two A320-200s, EK-32039 (cn 1439) and EK-32050 (cn 1450), that were returned to their lessors earlier this month. In addition, it will also seek to recraft its route network choosing to focus only on its most profitable routes.
Air Armenia has struggled to recover from a ban Russia's Federal Air Navigation Service (Rosaeronavigatsia) imposed following its failure to service a USD1.1million debt in September.
Prior to its suspension of operations, Air Armenia had operated an A319-100 (in VIP configuration for use by the Armenian government), and a B737-500, on flights covering Russia, Germany, France, and Greece.
