"Armavia" finds information on VTB action to be altered

"Armavia" national airways consider information of the Russian media that VTB bank brings in an action against Armenian businessman Mikhail Baghdasarov's "Armavia" and Mika Limited (registered in Jersey Island) for USD 22 million, to be altered. As reports "Armenpress" the Press Service of "Armavia" stated: "We do not comment on information, which is apparently altered."
In accordance with the information of Russian "Izvestia" periodical VTB bank wants to get back the amount of money it gave to the air transportation company for refinancing the credit funds. The company received the credits to buy Russian Sukhoi Superjet-100 aircraft. A number of lawyers find that the bank has good chances to win, and the procedure, which launched in Jersey, is doomed to collapse. Mikhail Baghdasarov told "Izvestia" that “the credits will be paid off soon, and the action will be repealed."

Source: armenpress.am

$22 million lawsuits filed against Armenian Armavia and Mika Limited

Russian Bank VTB filed a $22 million lawsuit against Armavia and Mika Limited; both belong to the Armenian businessman Mikhail Bagdasarov.
The Russian state-owned bank is trying to return the sum it has allocated to refinance loans taken by Armavia for purchase of the Sukhoi Superjet-100 aircraft, 7or.am reported, referring to Izvestia.
In an interview with the publication, a source close to the State Bank said that the proceeding against Armavia (for $ 10 million) has been lodged with the Armenian State Arbitration Court. Mika Limited, in its turn, is going to face a proceeding over $12 million at the Royal Court of Jersey, where the company has been registered.
According to the source, the VTB's Armenian branch had allocated over $7 million to Armavia with the purpose of refinancing a loan the company had received from Ardshininvestbank for purchasing a Superjet-100 airliner (nearly $ 30 million).
Lawyers believe that the VTB has good chance of winning in a dispute with the Armavia.

Source: trend.az

Armavia owner denies debt to Sukhoi Civil Aircraft Company

The owner of Armavia Mikhail Bagdasarov denied the aircompany’s debt to Sukhoi Civil Aircraft Company (SCAC) for Sukhoi SuperJet 100 plane.
"The jet cost $20 million. We paid $16 million in advance, with $4 to be added. However, later we returned the plane. We believe we owe nothing for technical services, yet SCAC insists we are indebted $1 million in encumbrance charges," he said, noting the latters to be the responsibility of SCAC.
In August SCAC reported that Armavia owed $4million for the jet. As the Company noted, Armavia cannot return the plane the latter being encumbered by an Armenian bank, media sources say.

Source: panarmenian.net

Armavia pledges to refund Yerevan-Aleppo ticket price by yearend

Armavia Armenian airline company has operated no Yerevan-Aleppo-Yerevan flights in the past three months, with the air carrier citing Syrian-Armenians’ refusal to return to Aleppo as the reason.
However, a number of Syrian Armenians still expect Armavia to refund the price of the tickets earlier purchased.
”The price of the tickets will be refunded by the end of the year. Only 40 people are left to get their money back,” spokesperson for the national carrier Nana Avetisova told a PanARMENIAN.Net reporter.

Armavia's rating has been stopped

The Central Bank of the Republic of Armenia has stopped rating of LLC "Armavia" Airlines on the initiative of the company. The Central Bank of Armenia informed "Armenpress" that the Central Bank of the Republic of Armenia has also stopped rating of LLC “Valletta” on the Initiative of the company. The previous rating was "G-", which was granted in 25.02.2011.
The Armavia company was established in 1996, but commercial flights to Russia and Turkey only started in 2001. It is the Armenia's flag carrier with its head office on the grounds of Zvartnots International Airport in Zvartnots, Armenia, near Yerevan. It operates international passenger services from Yerevan to destinations in Europe and Asia. Its main base is Zvartnots International Airport.

Source: armenpress.am

Armavia has nothing except computers and premises

Hraparak daily reports, that Mika Baghdasarov has no other choice but to sell Armavia. However, rumors suggesting that this or that company is interested in Armavia prove not to be true later. One of the businessmen explained the reason; it is senseless to invest several million dollars in something which costs maximum several hundred thousand dollars.

“The thing is that the license of Armenia's national air carrier is expiring and those who wish to buy it can do it several months later, after buying a license. But Armavia has nothing significant except for premises, threadbare computers and office furniture,” the paper writes.

Source: aysor.am

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.

Source: armenianow.com

Baghdasarov is considering to finish the sale of "Armavia" in the coming weeks

The owner of "Armavia" National Airlines Mikhail Baghdasarov is considering finishing the sale of the company in the upcoming 2-3 weeks. As reports "Armenpress" Baghdasarov has announced this in the interview to RBK daily. Among other things Mikhail Baghdasarov emphasized two main reasons, which served as the basis for selling the company. According to Mikhail Baghdasarov the main reason is the economic crisis. As to the second reason Baghdasarov underlined the damage of the company, which arouse from the exploitation of the new Russian plane SuperJet.
Baghdasarov stated: "There is nobody from the Russian Federation, who would like to buy the company, but among the potential buyers there are Italians and businessmen from the East as well."
At the same time the official representative of the CJSC Sukhoi Civil Aircraft announced that in accordance with the agreement “Armavia” will continue paying off the debt for SuperJet in frames of the present leasing relations of the two companies.

Source:  armenpress.am

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.

Source: panarmenian.net

''Armavia'' promises to compensate the costs of concealed flights to Syria

Armenia's national air carrier ''Armavia''  air company continues to refund the costs of concealed flights to Syria. ''Armavia''  company press service informed Armenpress, more than 400 Syrian Armenians have got compensation equal to the cost of the ticket, 70 people are still waiting for the return of their money.  Syrian Armenian Raffi, who has lately come to the Homeland from Syria stated in the briefing with Armenpress, ''Armavia'' company has reimbursed the cost of his three tickets out of  four .
 ''I have got another ticket else, the company has promised to return its cost in the near future'' our compatriot noted. The cases vary. Another Syrian Armenian Hakob  Martirosyan has been compensated only for one ticket. ''I frequently turn for the return of the cost of my three tickets, yet there  is no news,  they promise to compensate later''  the interlocutor stated. In the words of Firdus Zakaryan, the head of the working group dealing with Syrian Armenian issues, Ministry of Diaspora of the Republic of Armenia, the Ministry in its turn does not abstain from relevant actions, they undertake a number of measures, have sent letter to the air company.'' The air company has made efforts reportedly the majority of the ticket holders have been compensated. The applications of the rest stakeholders are underway and will be solved down in the near future''.
According to Zakaryan currently 5000 Syrian Armenians are habiting in Armenia. ''Zvartnots'' airport in recent times regularly suspends ''Armavia''  air carrier flights due the depts. This worries not only the air carrier but its customer as well. Regular suspension of flights causes mistrust about the carrier by its customers in one hand resulting in the reduction of the passengers’ number in the other hand grow of debts.
'' Armavia''  air company suspended its flights to Syria on September 10. According to the Airline Company the flight have been suspended only for the clients’ interests after the rebels have announced they will bombard any plane passing through Syria airspace.
Currently only  "Syrian Airlines''  launches direct flight from Armenia to Syria.

Source: armenpress.am

Zvartnots center may halt operation over Armavia debts

Armavia company’s debts to Zvartnots air meteorological center currently totals AMD 94 mln, the center’s deputy director said.
“Armenia’s national air carrier must pay AMD 33 000 for each meteorological forecast; however it has failed to fulfill the obligation for the past two years. As a result, the center itself owes AMD14,5 mln to tax agencies,” Pavel Manukayn said.
Lawyer Anahit Grigoryan, in turn, said that the center will halt operation if it fails to pay the debts.
“This can’t go on like this,” she said, adding that the center will file a legal claim if necessary.
Zvartnots air meteorological center’s technical service head Garnik Petrosyan noted, “We will take ever legal measure to urge Armavia for paying off the debts. Otherwise, we will be forced to halt operation, thus resulting in suspension of flights altogether.”

Source: panarmenian.net

News on Armavia being banned from flying to Europe is inaccurate – press secretary

The Armavia Airline Company—which is Armenia’s national carrier—is conducting its flights without any problems, Company Press Secretary Nana Avetisova told Armenian News-NEWS.am.
She was surprised to hear the question as to whether it is true that the EU member countries have warned Armenia that they no longer intend on serving Armenian, specifically the Armavia Airline Company, flights. “This is just another lie,” Avetisova stated.   
She stressed that Armavia is one of the most law-abiding airline companies, that it adheres to all international aviation rules, and it passed yet again The Air Transport Association Operational Safety Audit (IATA IOSA). “Armavia meets the standards on all points,” Nana Avetisova said.    
As Armenian News-NEWS.am informed earlier, the EU member countries have warned Armenia that they no longer intend on serving Armenian, specifically the Armavia Airline Company flights, Zhoghovurd daily’s well-informed sources reported.
“And the reason is that the Armenian flights do not meet the safety standards, in addition, they are disrupted regularly. 
According to our sources, the Armenian General Department of Civil Aviation has asked for time to correct the safety-related deficiencies, but they have left Armavia’s fate to the Europeans.
In an interview with us, General Department of Civil Aviation spokeswoman Nelly Cherchinyan, however, denied this news,” Zhoghovurd wrote.

Source: news.am

Paper: EU countries unwilling to service Armavia flights

According to Zhoghovurd daily, EU-member countries have warned Armenia against a decision not to service RA, particularly Armavia air company flights, claiming they don’t meet the security standards and are regularly suspended.
General Department of Civil Aviation of Armenia (GDCA) has requested for time to fix the security problems, with the Europeans to decide on Armavia’s future.
Nelly Cherchinyan, GDCA spokesperson, however, denied the reports.

Source: panarmenian.net

Armavia flights resumed

Armenian Zvartnots International Airport resumed services rendered to Armavia flights on  Tuesday afternoon, airport’s spokesperson Gevorg Abrahamyan told Armenian News-NEWS.am.
The air company promised to transfer $150 thousand reducing its debt to the airport to $3 million 150 thousand. Unless company pays the debt, the flights will be grounded again.
On Tuesday morning the flights were suspended as Armavia exceeded the maximum limit allowed by the working contract.
The conflict between Armavia and Zvartnots International Airports continues for several months. Zvartnots had suspended Armavia’s flights a number of times for exceeding the limit for outstanding debts, but the parties had come to an agreement as a result of negotiations.

Source: news.am

Zvartnots serves Armavia flights – airport spokesman

Zvartnots airport is providing proper services to Armavia air company today, Oct 22, the airport’s spokesman said.
As Gevorg Abrahamyan told a PanARMENIAN.Net reporter, debt calculations are currently being made, with the answers to all the questions to be specified tomorrow.
Armavia, in turn, noted that it is paying its debts to the airport on daily basis.
Earlier, Armavia conditioned the suspension of Zvartnots airport’s services to the air company by the airport’s disapproval of the new shareholder.
Meanwhile, Zvartnots noted the national carrier’s debts as the main reason behind the airport’s decision to halt servicing of the air company flights. The amount of Armavia’s debt exceeded the sum agreed on for over $1 million, bringing the total debt to $3,360 million.
As Armenian media outlets reported earlier, either owner of Zvartnots airport, Argentinean Armenian entrepreneur Eduardo Eurnekian, or Armenian president’s son-in-law Mikael Minasyan planned to purchase Armavia. However, Eurnekian denied the rumors later.

Source: panarmenian.net

Armavia promised to reduce Zvartnots debt to $3 million by Saturday

Armenian capital city Yerevan’s Zvartnots International Airport resumed Armavia flights about two hours ago, airport’s press secretary Gevorg Abrahamyan told Armenian News-NEWS.am.
The flights were resumed as Armavia promised to reduce the debt to $3 million until the end of the day.
Airport has again suspended its services rendered to Armavia two days ago. The flights were resumed after the company transferred a certain amount. At the moment Armavia’s debt totals $3 million 215 thousand.
The conflict between Armavia and Armenia International Airports continues for several months. Zvartnots had suspended Armavia’s flights a number of times, and for exceeding the limit for outstanding debts, but the parties had come to an agreement as a result of negotiations.

Source: news.am

Zvartnots airport resumes Armavia flights

Armenia International Airports CJSC (Zvartnots) resumed the servicing of Armavia air company flights October 19, 3:00 pm, the airport’s spokesman said.
“The air company has pledged to reduce the debts to USD 3 mln by the end of the working day,” Gevorg Abrahamyan told a PanARMENIAN.Net reporter, adding that Zvartnots will be forced to halt services to Armavia again, if the latter fails to fulfill the promise.
Armavia conditioned the suspension of Zvartnots airport’s services to the air company by the airport’s disapproval of the new shareholder.
Meanwhile, Zvartnots noted Armavia’s debts as the main reason behind the airport’s decision to halt servicing of the air company flights. The amount of Armavia’s debt exceeded the sum agreed on for over $1 million, bringing the total debt to $3,360 million.
As Armenian media outlets reported earlier, either owner of Zvartnots airport, Argentinean Armenian entrepreneur Eduardo Eurnekian, or Armenian president’s son-in-law Mikael Minasyan planned to purchase Armavia. However, Eurnekian denied the rumors later.

Source: panarmenian.net

"Armavia" has a debt of USD 3 million 215,000 to "Zvartnots" Airport

"Zvartnots" Airport again stopped the flights of "Armavia" Airlines in the morning of October 19. This was announced by the press secretary of the airport Gevorg Abrahamyan. In a conversation with "Armenpress" Abrahamyan said: ""Armavia" should have already reduced its debts to USD 2 million 360,000 long ago, but now it has a debt of UDS 3 million 215,000. The airlines promised to partially pay its debt off reducing it to USD 3 million".
Press Secretary of "Armavia" Airlines Nana Avetisyan mentioned that they keep paying off the debt by transferring some money each day. Avetisyan said: "In few hours "Armavia" Airlines will announce the needed period of time to be able to reduce the debt to the amount of USD 2 million 360,000 mentioned in the agreement. This question is now under discussion at the conference in the company".
This is not the first time that the airport refuses to serve flights of the airline due to the debts. "Zvartnots" Airport again stopped serving "Armavia" flights in the morning of October 18.

Source: armenpress.am

Armavia paid part of its debt to Zvartnots airport

Armavia air company has paid the debt due to which Zvartnots airport grounded flights, company representative told Armenian News-NEWS.am.
He said the company paid amount exceeding the permitted level and now there is no reason to suspend flights.
The airport suspended its services rendered to Armavia two days ago. The flights were resumed after the company transferred a certain amount. Earlier Armavia’s debt totaled $3 million 215 thousand. Armavia promised to reduce the debt to $3 million until the end of the day.
The conflict between Armavia and Armenia International Airports continues for several months. Zvartnots had suspended Armavia’s flights a number of times, and for exceeding the limit for outstanding debts, but the parties had come to an agreement as a result of negotiations.

Source: news.am

Armavia Saga: Struggling national air carrier’s flights suspended again

The situation around the unresolved dispute between Armenia’s national air carrier and the country’s main international airport continues to cause problems keeping hundreds of current and potential passengers in suspense.

On Thursday morning the Armenia International Airports company again suspended its services of Armavia flights from the Zvartnots airport, leaving dozens of passengers hoping to get to Moscow stranded in Yerevan. Another Armavia flight scheduled for Thursday also appeared jeopardized because of the continuing financial dispute between the two companies.

The situation around Armavia was in the media focus again on Wednesday as the airline’s flights were first stopped in the morning and later resumed in the evening.

Zvartnots airport officials say the flights services for Armavia were terminated because of the company’s debt exceeding the amount of $1 million. The two companies reportedly agreed on that when resolving a major money dispute earlier this year.

Zvartnots Airport press secretary Gevorg Abrahamyan told ArmeniaNow on Thursday that Armavia’s debt to the airport reached $3.6 and $225,000 of that sum was paid on Wednesday, after which the service of Armavia flights resumed for several hours.

“We expected Armavia to pay some of that debt today as well, but they haven’t yet made any step in this direction, so this situation will continue as long as the airline does not take steps to reduce the amount of debt that it currently has,” said Abrahamyan.

Armavia spokesperson Nana Avetisova said on Thursday that the airline made payments on a daily basis and was gradually reducing its debt to the Zvartnots airport. She said that on October 17 the company made a fresh payment, but that money would not appear on the Zvartnots airport’s account until the next day.

Differences between Armavia and Armenia International Airports have emerged on quite a regular basis lately. The last time problems over payments and service-rendering emerged was in late September. Then the airport again suspended its services to the airline.

Armavia press secretary Avetisova said on Wednesday that the decision by Armenia International Airports to stop services most likely was due to the fact that the airline will soon have a new shareholder, which “the airport probably doesn’t like.”

But airport spokesman Abrahamyan told ArmeniaNow that they did not have any information about any new shareholder.

“We ourselves would like to know who this new shareholder is in order to clarify the relationship with the company,” he said.

Armavia does not yet disclose the name of its new shareholder, saying that “it is a commercial secret” and promising to report related information in due time.

Earlier, some local media reported that Argentine-Armenian businessman Eduardo Eurnekian, whose company now manages the Zvartnots airport, was planning to buy Armavia. Eurnekian denied the reports later. The Armenian president’s son-in-law Mikael Minasyan has been named by some media as another possible buyer.

Source: armenianow.com

"Zvartnots" Airport will continue serving "Armavia"

"Zvartnots" Airport will resume serving flights of "Armavia" National Air Cargo Transportation Company, as the company has already transferred 90 million AMD to "Zvartnots". This was said by Press Secretary of "Zvartnots" Airport Gevorg Abrahamyan a conversation with "Armenpress".
Abrahamyan said: "We will continue serving "Armavia"  Air Cargo Transportation from 11:15 tomorrow till the 512th flight".
In one of the previous conversations with "Armenpress" Press Secretary of "Zvartnots" airport Gevorg Abrahamyan declared that "Zvartnots" Airport had again stopped serving flights of "Armavia" Airline, as "Armavia" exceeded the limit of debts mentioned in the agreement for 1 million USD.
This is not the first time that the airport refuses to serve flights of the airline. Last time "Zvartnots" Airport refused to serve flights of the airline on September 20, 2012.

Source: armenpress.am

Grounding of Armenian national carrier’s flights linked with new shareholder?

According to Armavia Airline Company, which is Armenia’s national carrier, Armenian capital city Yerevan’s Zvartnots International Airport’s suspension of its services rendered to Armavia is linked with the emergence of the company’s new shareholder, an Armavia representative told Armenian News-NEWS.am.  
As per the company, it seems the airport’s administration is not happy with the appearance of a new shareholder. “But they did not consider that this causes an inconvenience for the passengers, the airport, and Armavia,” the company representative noted. Incidentally, the identity of the new shareholder will be announced in the coming days.
With respect to the query as to whether the reason for grounding the flights of Armavia is its exceeding the limit for outstanding debts, the representative stated that the debt is being paid on a daily basis. 
As Armenian News-NEWS.am informed earlier, the Zvartnots International Airport once again suspended its services rendered to the flights of Armavia Airline Company. According to our information, the reason is again Armavia’s huge outstanding debts to the airport.
To note, Armavia’s flights were grounded in med-September as well, but, subsequently, the Armenia International Airports Company—which owns Zvartnots International Airport—had resumed Armavia’s flights because arrangement was made on the payment of debts.
The conflict between Armavia and Armenia International Airports continues for several months. Zvartnots had suspended Armavia’s flights a number of times, and for exceeding the limit for outstanding debts, but the parties had come to an agreement as a result of negotiations.

Source: news.am

Zvartnots airport resumes services to Armavia

Armenia International Airports CJSC (Zvartnots) resumed services to Armavia company 4:30 pm, local time, the airport’s spokesman said.
“Armavia has transferred AMD 90 mln to Zvartnots. Details on the airport’s servicing of the air company flights will be clarified tomorrow, 11:00 am,” Gevorg Abrahamyan told a PanARMENIAN.Net reporter.
Dwelling on Armavia’s statement suggesting Zvartnots disapproves of the company’s new shareholder, the spokesman said the airport is unaware who the shareholder is.
“We ourselves would like to know his name to specify further relations with the air company,” he said.
Armenian national carrier Armavia has refused to reveal the name of the new shareholder of the company.
“That’s a business secret. We will announce the name when the time comes,” the company’s representative told a PanARMENIAN.Net reporter, conditioning the suspension of Zvartnots airport’s services to Armavia by the airport’s disapproval of the new shareholder.
Meanwhile, Zvartnots noted Armavia’s debts as the main reason behind the airport’s decision to halt servicing of the air company flights. The amount of Armavia’s debt exceeded the sum agreed on for over $1 million, bringing the total debt to $3,360 million.
As Armenian media outlets reported earlier, either owner of Zvartnots airport, Argentinean Armenian entrepreneur Eduardo Eurnekian, or Armenian president’s son-in-law Mikael Minasyan planned to purchase Armavia.

Source: panarmenian.net

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

Entrepreneur Eduardo Eurnekian not planning to buy Armavia

The owner of Zvartnots airport, Argentinean Armenian entrepreneur Eduardo Eurnekian has no intention to purchase Armavia air company. “I’m not planning to buy Armavia,” Eurnekian told journalists at FruitFull Armenia Yerevan-hosted agriculture forum.
The businessman said he seeks to continue inventing in Armenia’s winemaking sector, also meaning to expand investments to cover other fields.

Source: panarmenian.net

Baghdasarov: Armavia’s potential buyer is not from Armenia

Panorama.am has interviewed Armavia Air Company owner Mikhail Baghdasarov. Below we present some excerpts from the interview.

- Rumors say Mikayel Minasyan plans to buy Armavia. Are you really negotiating with him? Who is the potential buyer of the airline?

- No, I am not negotiating with him…. I am negotiating with some people from Australia, Italy and Russia. We have 3-4 variants. This is a commercial secret. I cannot tell you who is the buyer until he buys the company, because it could be insulting for the buyer.

- You said they are Italians, Australians. Isn’t there some businessman in Armenia who would wish and would be able to buy the airline?

- There is no businessman of that level in Armenia. They even have no idea that there are deep business processes and problems in this field.

- I think you have sufficient potential to “fix up” Armavia independently. Why are you selling it?

- I am not able to “fix it up” because very large sums are required for this. The crisis forced us to return all planes and buy new ones. These things are not so easy.

Source: Panorama.am

Armavia, Sukhoi agree on SSJ100 terms

Armenian carrier Armavia (U8), which took delivery of the first production Sukhoi Superjet 100 in April 2011, has reached a new leasing agreement with Sukhoi Civil Aircraft Co. on operating terms (ATW Daily News, April 20, 2011).
The carrier has refused to operate the aircraft this summer for reasons that have not been announced officially. It also refused to take delivery of the second aircraft it ordered.
According to a statement on Sukhoi’s website, the parties have reached a six-month lease agreement. “After its termination, the parties will meet again to continue discussions on the issue,” Sukhoi said. The negotiations on the second aircraft are continuing.

Source:  atwonline.com

Airplane SSJ100 (MSN 95007) arrived to Yerevan

CJSC "Sukhoi Civil Aircraft" and the airline company “Armavia” came to agreement over the terms of airplane SSJ100 (MSN 95007), Armenpress reports.
As Armenpress has been informed from “Armavia” company, the parties signed the lease agreement, which will come into force after removing the custom requirements of the application and financial detention. “Armavia” will restore the flights of the plane in near future. National airlines will be exploiting the plane, while the "Sukhoi civil aircraft" will be the lessor. This rental agreement will be valid for 6 months, after which the parties will meet and discuss their future actions.
MSN 95007 airplane belonging to “Armavia” was in Moscow in the centre of "Sukhoi civil aircraft" company, which passed the technical test today and arrived to Armenia.
Earlier Armenpress was informed that that “Armavia” was planning to renounce from the Russian airplanes referring to technical issues.

Source: armenpress.am

Armenian national airline carrier’s owner is selling company? – newspaper

Hraparak daily reports that it received information on Tuesday that Armenia’s national carrier Armavia Airline Company’s owner Mika Baghdasarov is selling the Company to an Italian company.  
“It is not yet clear which shares [of Armavia] this is about, but he recently brought the Italians to his office and introduced them to his staff.
[And] His adviser Zhasmen Vilyan said: ‘I wouldn’t say [the Company] is completely sold, but Baghdasarov never ruled out [the possibility that] he could sell the Company at some point. Overall, he has a policy of developing an unknown company and selling [it],’” Hraparak writes.

Source:  news.am

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.”

Source: aysor.am