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

Armavia keeps developing amid airline industry drop

Oil price surge amid international tensions negatively affects airline industry, according to Armavia airline company owner.
“This led to the bankruptcy of several international airline companies, namely Czech Airlines, Spanish airlines, while Frankfurt airport is on strike,” Mikhail Baghdasarov said.
In this context, the company owner dismissed the dependence of the air ticket prices on the company itself.
“We will do the utmost to prevent extreme price rise,” he said.
On February 29, Transaero Airlines started launching regular flights by Moscow-Yerevan-Moscow route under the codeshare agreement reached with Armavia Airlines at the end of 2011. Baghdasarov further noted that already in April the second aircraft Sukhoi Superjet will be at Armavia’s disposal. The company also plans to replenish its fleet with 321 and 320 airbuses.
Despite tense situation in global airline industry, Armavia keeps developing.

Source: panarmenian.net

Armenian tourism agencies blame Armavia Airline Company and its owner – newspaper

Armenia’s several tourism agencies have serious problems in connection with the New Year passenger transportation, and as a result they have suffered losses worth tens of thousands of dollars, Hraparak daily writes.  
“Specifically, one such agency owes a huge amount to a hotel in Dubai, for the previously made reservations, since some of the passengers had canceled their tour packages at the last moment. And criminal cases are brought. Just to note, the agencies blame Armavia [Airline Company] and [its owner] Mikhail Baghdasarov for their losses,” Hraparak writes.

Source: news.am 

Armenia’s Armavia to buy three more Sukhoi Superjet in 2012

CEO of Armenia’s national air carrier, Armavia, Mikhail Baghdasarov, told Prime News that his company plans to conclude a firm contract for the delivery of three Sukhoi Superjet 100 in 2012.
Speaking at a news conference today Baghdasarov said the second Sukhoi Superjet will be delivered before the end of this year, following which the contract will be signed for delivery of three more planes. Armavia was the first company to start commercial operation of new short-haul airliner.
Bagdasarov said the operation of the plane has revealed some problems that need to be eliminated.
Armavia National Air Company was established in 1996. The company meets IATA international requirements. Armavia operates over 100 flights a day to more than 40 destinations in 20 countries. It possesses 11 aircrafts - А320-3, А319-3, CRJ-200, Yak-42-VIP and Il-86 and Superjet -100.

Source: arka.am

Mikhail Baghdasarov not going to sell Armavia shares

Mikhail Baghdasarov, the President of Armavia national carrier, is not going to sell the company shares, Armavia spokesperson Nana Avetisova said.
“Mikhail Baghdasarov has officially refuted media reports on sale of shares,” Avetisova told a panarmenian.net reporter.

Source: panarmenian.net