Mar 10, 2012

Armavia looks for buyer?

Owner of Armavia Airlines Mikhail Baghdasarov has lately announced that Armavia will declare bankruptcy unless Zvartnots Airport reduces service costs.
Aravot daily writes that a former civil aviation official has noted that “someone has his eye on this business.”
“If they say that there is a buyer for Armavia, I will be happy to sell it. Who wants to buy it? Show me that man,” said Baghdasarov.
The newspaper reminds readers that Armenian Airlines had declared bankruptcy due to large debts, and the consequences of that are still felt.

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