Oct 11, 2012

Owner to sell Armavia Airlines

Armenian Armavia Airlines (U8), which is owned by local businessman Mikhail Baghdasarov, has been put up for sale. Baghdasarov told the Armenian website Panorama.am he was negotiating the company’s sale although he did not disclose details on possible buyers. However, Panorama.am reported he is considering potential buyers from Russia, Australia and Italy. Baghdasarov said there are no Armenian businessmen who could buy the airline.
U8, which operates regular and charter international flights, has most of its network in Russia. The airline’s fleet includes two Airbus A320s, three Bombardier CRJ200LRs, one Yakovlev 42 and three Boeing 737-500s.
U8, which took delivery of the first production Sukhoi Superjet 100 in April 2011, reached a new leasing agreement with Sukhoi Civil Aircraft Co. on operating terms last week.

Source: atwonline.com

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