ARMENIA TO SELL NATIONAL AIR CARRIER
Northern Voices Online
Sept 26 2012
Yerevan, Sep 26 (IANS) Armenia Wednesday confirmed reports that its
national air carrier Armavia is for sale, according to Xinhua.
Armavia press secretary Nana Avetisova said one of the main reasons
for selling the company was its unprofitability.
“It is not known who the buyer will be – Italians or someone else,
because there are lots of interested people,” Avetisova was quoted
as saying.
Armavia flights at Zvartnots international airport near the capital
city of Yerevan ceased Sep 20 after the airport refused to provide
services over unpaid service fees.
Armavia has amassed $5.3 million in debt in the past six months.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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