The company was founded shortly after Armenia’s independence in 1991 and is the only company in Armenia until 2001. From that date, company and Armavia Armenian International Airways launched their commercial aviation and started to compete with Armenian Airlines.
Until 1997, the numbers of companies are very positive but they are starting to fall in 1998. Armenian Airlines went bankrupt in 2004 and is a company that took over the airline Armavia. Armenia is the Airlines to operate Airbus A310 aircraft manufacturing and Russia.