Sep 26, 2012

Armavia air company may be sold to Italian firm – paper

According to a source, the owner of Armavia Mikhail Baghdasarov plans to sell the air company to an Italian firm, Hraparak daily reported.  Though no info on exact part of the shared to be sold was revealed, recently, Baghdasaro took the representatives of the Italian firm on a tour of the comnay headquarters.  As Baghdasarov adviser Zhasmen Vilyan noted, “I wouldn’t say the company is fully sold. However, Baghdasarov never ruled out plans to sell it at one point, his policy being to boost some minor company to the point it can be sold at a profit.


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