ArevJet

ArevJet (IATA: EV, ICAO: EJV, Callsign: AREV) is an upcoming Armenian ultra low-cost carrier (ULCC) based at Zvartnots International Airport (EVN) in Yerevan, Armenia. The airline is set to launch operations in 2025 with a fleet of three Boeing 737-800 aircraft, focusing on providing affordable air travel across Europe, the Middle East, and the Caucasus region.

History
ArevJet was founded in 2024 as a private initiative to address Armenia’s growing demand for low-cost air travel and to better serve the Armenian diaspora. The airline plans to capitalize on underserved regional routes and tourist traffic, positioning itself as Armenia’s first dedicated ULCC. The brand name "Arev” means "sun" in Armenian, symbolizing warmth, energy, and a bright new travel experience.

Corporate Identity
ArevJet operates under the slogan "Armenia 4 U", reflecting its mission to make Armenia more accessible to tourists, diaspora, and regional travelers. Its livery features a clean white fuselage with purple and gold accents, and a stylized sunburst tail, reflecting Armenian culture and modernity.

Fleet
As of May 2025, ArevJet's fleet consists of the following aircraft:

Aircraft Type Registration Notes
Boeing 737-800 EK-BGA Ex-operator: Pegasus, 168-seat config
Boeing 737-800 EK-BGB Ex-operator: Pegasus, 168-seat config
Boeing 737-800 OM-NEX Wet-leased from AirExplore
Boeing 737-800 EK-BGD Ex-operator: Singapore Airlines, 168-seat config

All aircraft are configured in an all-economy layout and operate under a ULCC model with optional paid services including seat selection, baggage, and onboard food.

Business Model
ArevJet follows a pure ULCC business model, offering base fares with unbundled pricing for extras like carry-on baggage, checked luggage, and seat assignments. The airline targets:

Armenian diaspora travelers
Inbound tourists from Europe and the Gulf
Budget-conscious regional flyers
The airline also plans to explore secondary Armenian airports like Gyumri (LWN) for future expansion