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Armavia put to sale together with Superjet
YEREVAN, November 23. / ARKA /. Mikhail Bagdasarov, the owner of
Armenia's national air carrier Armavia has put the airline for sale,
RBC Daily reported. It quoted the businessman as saying he hopes to
close the deal in two-three weeks.
Baghdasarov said the main reason prompting him to put the company to
sale is the economic crisis, as well as losses from the operation of
new Russian aircraft SuperJet-100.
"No Russian companies are among potential buyers, but there are
Italians, buyers from the East" he told RBC Daily.
"The new owner will have to take on all the major debts of the
carrier. This situation suggests the airline is poorly managed,' a
source close to Superjet aircrafts supplier told RBC Daily.
According to the official representative of Sukhoi Civil Aircrafts
company, Armavia will continue operating Superjet under a lease
contract.
Armavia was founded in 1996. In 2005 all its shares were acquired by
businessman Mikhail Baghdasarov. The company operates more than 100
flights a week to over 40 destinations in 20 countries. It owns and
runs Airbus, CRJ, Boeing, as well as Sukhoi Superjet aircrafts. -0-
YEREVAN, November 23. / ARKA /. Mikhail Bagdasarov, the owner of
Armenia's national air carrier Armavia has put the airline for sale,
RBC Daily reported. It quoted the businessman as saying he hopes to
close the deal in two-three weeks.
Baghdasarov said the main reason prompting him to put the company to
sale is the economic crisis, as well as losses from the operation of
new Russian aircraft SuperJet-100.
"No Russian companies are among potential buyers, but there are
Italians, buyers from the East" he told RBC Daily.
"The new owner will have to take on all the major debts of the
carrier. This situation suggests the airline is poorly managed,' a
source close to Superjet aircrafts supplier told RBC Daily.
According to the official representative of Sukhoi Civil Aircrafts
company, Armavia will continue operating Superjet under a lease
contract.
Armavia was founded in 1996. In 2005 all its shares were acquired by
businessman Mikhail Baghdasarov. The company operates more than 100
flights a week to over 40 destinations in 20 countries. It owns and
runs Airbus, CRJ, Boeing, as well as Sukhoi Superjet aircrafts. -0-