A new Armenian airline, Armenia, will conduct regular flights to Europe, CIS countries and some parts of Asia, at prices starting from $49, one of the company’s shareholders told Sputnik Armenia.

According to Tamaz Gaiashvili, the company will operate flights at affordable and reasonable prices.

Gariashvili further refuted rumors suggesting that Armenia’s Prime Minister Hovik Abrahamyan is among the shareholders of the new company. According to him, no government official is involved with the company.

As Gaiashvili noted, the Armenian authorities are interested in supporting the development of the country’s aviation.

General Manager of the company Robert Hovhannisyan said, in turn, that the first flight will be carried out on a Boeing 737-700 in mid-April.

The 350-member airline staff is set to include several employees of the Georgian air company Airzena, while the remaining personnel will be comprised of local experts. The newly created company will exploit the aircraft, currently in service by the Georgian carrier.