Jul 4, 2012

Armavia denies information about its sale

Armenia’s national air carrier, Armavia, considers the widespread news about the sale of the company absurd and announced the company is expanding the geography of flights and continues its normal work.

As Armavia’s spokesperson told Armenpress, the airline is launching Amman and Milan summer flights.

Russian media is awash with reports that Armavia may be sold to former MP Harutyun Pambukyan, who is reportedly ready to offer $55 million for acquiring it from Mikhail Bagdasarov. According to sources, Armavia has serious financial problems and debts.

Armavia is the only Armenia-based airline. Its aircraft fleet includes 11 airplanes. It carries out 100 flights a week in more than 40 destinations.

Source: armenianow.com

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