Nov 24, 2012

Armavia confirmed for sale, Italians among prospectors

A spokesperson for Armenia’s “national carrier” Armavia, has confirmed that the troubled airline is for sale, and that negotiations include a potential deal with Italian buyers.

For several weeks it has been known that Armavia was most likely on the blocks. When Airitalia announced that it would begin service from Zvartnots International Airport in December, speculation circulated that Italy’s “national carrier” would be buying out Armavia.

Over the past year or more, Armavia has had disputes with management of Zvartnots, as the airline has struggled to pay its tariffs and has occasionally been grounded for brief periods.

Armavia’s Nana Avetisova told media that the Italians are among “two or three” companies expected to engage in negotiations.


No comments:

Post a Comment