Of note are the periodic contradictory statements of Baghdasarov and Armavia.
Despite Baghdasarov’s estimate, in actuality Armavia flew over 800,000 passengers in 2010 (see the infograph above for number of passengers from 2003 to 2010). The discrepancy is incomprehensible —either Baghdasarov was needlessly disappointed or the company’s figure was inflated.
On May 3, 2006 at 2:13 am local time near Adler Airport, Armavia’s Airbus A320-211 (EK- 32009), flight 967 en route to Sochi from Yerevan, crashed into the Black Sea.
Later on, many experts and company employees would draw comparisons between Siberia and the Baghdasarov eras, in favor of the former, pointing out poor management during the tenure of the Armenian oligarch that came to the fore in different ways and something that wasn’t even refuted at the top echelons of Armavia (while naturally pointing to the “faults” of others in the company’s failures).
All this goes to show that in 2003 Armenian passenger aviation was controlled by these prominent oligarchs and, of course, Russian Siberia Airlines.
In September 2002, Armavia’s ownership was reshuffling. Liparit Poghosyan and Slavik Koshtoyan sold their shares to Natalya Filyova, from Novosibirsk, Russia, who is one of Russia’s wealthiest women today.