Jul 3, 2012

No sale of Armavia airline – rep

The reports on the sale of Armavia airline to the businessman Harutyun Pambunkyan and a number of Russian businessmen are false.

Armavia Press Secretary Nana Avetisyan refuted the reports as absurd.

She noted that the airline is expanding its flight geography – more flights to Beirut will be made, and a flight to Birmingham has been opened.

Amravia plans to lease an Airbus А320. The airline has also opened new flights, Amman and Milan, for the summer season.

Russian mass media reported that a pool of Russian investors intends to purchase the Armavia airline.

Armavia owner Mikhail Baghdasarov reportedly received a business proposition from Harutyun Pambunkyan, an ex-member of Armenia’s parliament, who is now residing in Moscow. He is reportedly offering $55m for the airline. The airline may be sold by the end of this year, the source reports, without naming the Russian investors.

Source: tert.am

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