ARTICLE AND PHOTOS BY SVEN VAN ROIJ


For over five years, the capital city of Yerevan has been home to Armenian Helicopters, the first and sole commercial helicopter operator in the Republic of Armenia. With two Airbus H125s and one Robinson R66 in service, the company is serving a market in an unstable region. Reporter Sven van Roij spoke to company CEO Arsen Manukyan on his company’s unique business opportunities, financial challenges, and changes in the customer market.


A


fter working as a supervisor at the Central Bank of Armenia, Arsen Manukyan continued his career


at the Armenian Ministry of Finance. “After the Ministry of Finance, I worked as a chief of staff in the Civil Aviation Committee (CAC) of the Republic of Armenia, a governmental organization responsible for aviation in all of Armenia,” Manukyan said. “Whilst working in the CAC, an investor and our founding father, Karen Vardanyan, informed me he was willing to establish a company that would operate helicopter operations on a commercial basis. We started to support him and established Armenian Helicopters in February of 2018. The company was – and still is – unique to the country. Never before had a civilian helicopter operator been established in Armenia.”


With two Airbus H125s and one Robinson R66 in service, Armenian Helicopters is tapping into a market in an unstable region.


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