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Why No Rush To Acquire Armenia's National Airline Carrier? - Newspap

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  • Why No Rush To Acquire Armenia's National Airline Carrier? - Newspap

    WHY NO RUSH TO ACQUIRE ARMENIA'S NATIONAL AIRLINE CARRIER? - NEWSPAPER

    November 28, 2012 | 06:46

    YEREVAN. - "We are witnessing in recent months as to how Armavia
    [Airline Company, which is Armenia's national carrier] is going
    bankrupt and they are discussing whose it will become. According to
    rumors, [company's proprietor] Mika Baghdasarov has no other choice
    but selling the company," Hraparak daily reports, and adds:

    "But the rumors that a company is interested in Armavia are not turning
    into a reality. [And] A businessman explained to us the reason: It
    is meaningless to give several million dollars for something whose
    value is a mere several hundred thousand [dollars].

    The thing is that the deadline for the national airline carrier's
    license [to conduct flights] is expiring, and anyone who holds a claim
    to acquire it can do that in a few months, [and] by way of obtaining
    the license. But aside from a set of buildings and rundown computers
    and office furniture, Armavia has nothing significant."

    http://news.am/eng/news/130256.html


    From: Baghdasarian
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