2024-04-09 08:34:44
On December 10, 2021, the Armenian national airline under the brand “Fly Arna” received state registration. The authorities of the day presented this investment program on all possible occasions, loudly and with far-reaching goals.
Of course, the start of this populist staging was given at the most convenient moment, during the pre-election period of the 2021 parliamentary elections. They did not miss the opportunity and, as usual, with this program they promised new foreign investments and new jobs, cheaper air transportation, solutions to many security problems, etc.
In fact, it is becoming more clear now. this was another dose of the government’s boundless populism in exchange for a vote.
Let me give some details of the program.
According to the decision N 1701 of the Government of the Republic of Armenia dated October 4, 2021, four billion seven hundred and thirty-three million seven hundred and twenty thousand AMD (about 12 million USD) were allocated from the state budget to the State Interests Fund of Armenia for the purpose of payment for the shares of the newly established airline “Fly Arna”. .
Thus, the state became the owner of 49 percent of the company’s shares, and the Armenian State Interest Fund (ANIF) became the owner.
Now, two years after its establishment, undeniable information is spreading through the mass media that “Fly Arna” company has serious financial problems, does not operate flights and is on the verge of ceasing its activities.
Now it’s time for the officials who boasted about this program, promised everything and failed once again, and the law enforcement agencies serving them to give answers to at least the following questions:
1. How much financial abuses are there in this state investment program?
2. What is the estimated loss of funds allocated from the state budget?
3. Whose incompetence are the consequences of the company’s management failures?
4. What negative consequences will the suspension of the company’s activities have on the air transportation market: increase in air transportation prices, deterioration of the competitive situation, etc.?
5. What negative impact will the further possible liquidation of this company with state participation have on the state’s investment rating?
6. Is there any investment program that you have “opened” that has not had or will not have such a fate?
I am waiting for the comprehensive and public answers to these questions from those in charge a day before, after which I will address these issues in more depth.
Հեղինակ՝ Tadevos Avetisyan, deputy of the “Hayastan” faction
If you notice an error or bug in the text, send a message to the editor by specifying the error and then pressing Ctrl-Enter.