Armenia’s Minister of Economic Development and Investments Suren Karayan and Russia’s Minister of Industry and Trade Denis Manturov have discussed the issue of establishing a new air company on the base of SSJ 100 aircraft in Armenia.

“I’d like to first and foremost discuss the cooperation in the area of agricultural equipment,” Karayan said.

“The second issue concerns the creation of a new company on the basis of SSJ 100 planes. Also, I’d like to weigh in on the establishment of a joint foundation, which would be aimed at import substitution and development of joint export.”

A corresponding task force already formed, measures are currently underway for launching the Armenian flag carrier.

Armenian and Russian Prime Ministers are meeting in Moscow on January 24-25 and are set to sign a memorandum of understanding between the two ministries.