Nov 22, 2012

Paper says Armavia’s license to operate flights expiring

Armavia air company continues operation of flights with Zvartnots airport no more suspending them, Zhamanak daily reported.
Armavia has ceased reiterating that the company is on sale, with the reports claiming an Italian enterprise has expressed readiness to buy it not clarified.
Perhaps, Zvartnots-Armavia conflict is said to be the reason behind Italian side’s reluctance to purchase the Armenian air company.
However, Armavia owner Mikhail Bagdasarov had better consider selling the company, given the fact that Armavia’s license to operate flights expires next year.
Meanwhile, Armenian national air carrier’s bankruptcy wouldn’t benefit Zvartnots due to Armavia’s large number of debts, the paper says.


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