Fly Arna is a joint-venture between low-cost carrier Air Arabia and the Armenian government-owned Armenia National Interests Fund (ANIF) and is based in Armenia, Yerevan.
The airline was created following a joint-venture agreement signed between Emirati carrier Air Arabia and the recently established Armenia National Interests Fund (ANIF) in July 2021. 51% of the airline's shares are owned by ANIF and the remaining 49% by Air Arabia.
The airline started its operations on July 3rd, 2022 and is now flying to Moscow, Sochi, Tbilisi, Sharm El Sheikh and Hurghada. It has announced plans to commence flights to Kuwait and Beirut as the next destinations, continuing with its plans to connect the world with Armenia and Armenia with the world.