Russia’s Aeroflot holding talks on buying up Georgian Airlines
RIA news agency
28 May 04
Tbilisi, 28 May: Aeroflot is holding talks on buying the Georgian
Airlines company, director-general of the Russian company Valeriy
Okulov has said. He is attending a Russian-Georgian business conference
“The talks will take more than a week,” Okulov said. He refused to
disclose any other details of the deal.
RIA-Novosti has learnt from a member of the Russian delegation that
there is talk about purchasing 100 per cent of shares in the Georgian
company. The source said that Aeroflot had already initialled an
agreement with Georgian Airlines on acquiring the company. “The deal
is worth several million dollars,” the source said.
The source also said that talks had began at the business conference
between the Volga car manufacturer and the Georgian leadership and
the Tbilisi aircraft factory [as received] on setting up the assembly
of Niva cars in Tbilisi.
He said that talks had also started on the construction of a railway
branch from Georgia to Armenia, which will be financed by Russian,
Armenian and Georgian businessmen.