Sep 26, 2012

Armavia sold out to Italians?

Hraparak daily was informed on Tuesday that Mikhail Baghdasarov plans to sell Armavia Air Company to some Italian company. The volume of shares to be sold is not yet specified, but it is reported that Baghdasarov brought the Italians to his office and introduced them to the staff.

Baghdasarov’s adviser, Jasmine Vilyan, said to the daily, “I would not say that the company is totally sold out, but Baghdasarov never ruled out the possibility that he can sell the company at some moment.”


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