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Armavia Armenian Air Company To Come To IPO Market

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  • Armavia Armenian Air Company To Come To IPO Market

    ARMAVIA ARMENIAN AIR COMPANY TO COME TO IPO MARKET

    ARKA
    Sep 1, 2008

    YEREVAN, September 1. /ARKA/. Armavia Armenian air company intends to
    take part in initial public offering (IPO) market, the owner of the
    company Mikhail Baghdasarov said. The air company will be selling its
    shares on London Exchange in two years' time, he told to ARKA Agency.

    According to Baghdasarov, this will provide an opportunity to
    every Armenia in all over the world to possess a part of Armenia in
    Armavia's shares.

    Baghdasarov stressed he has no intention to sell his air business,
    but wants to develop it instead.

    Today air companies go bankrupt in all over the world and fail to
    carry out flights, whereas Armavia meets the current requirement and
    is successfully developing, he said.

    Armavia national air company is the leader at Armenia's aviation
    market.

    The company was established in 1996 by Aviafin Ltd and Mika Armenia
    Trading Ltd.

    In June 2005, Mikhail Baghdasarov, President of Mika Armenia Trading
    Ltd, became the full owner of the company.

    Today the company operates a wide range of air routes to the CIS
    countries, Middle East and Europe.

    From: Emil Lazarian | Ararat NewsPress
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