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Sabena Technics And Armavia Are Negotiating For Establishing Airplan

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  • Sabena Technics And Armavia Are Negotiating For Establishing Airplan

    SABENA TECHNICS AND ARMAVIA ARE NEGOTIATING FOR ESTABLISHING AIRPLANE REPAIR JV

    ArmInfo
    2008-09-11 19:24:00

    ArmInfo. Sabena Technics (Belgium) and Armavia air company are
    negotiating to establish joint venture for repair of Airbuses and
    Boeings, President of Sabena Technics Christophe Bernardini told
    journaliasts in Yerevan today.

    He said that Armavia was quickly developing and was ready to increase
    the number of its flights. Sabena Technics has cooperated with Armavia
    for several years already. Today it is ready to enlarge its cooperation
    and to set up a joint venture that will maintain Armavia's planes.

    The negotiations are underway and the parties have not yet fixed
    their shares in the JV.

    The owner of Armavia Mikhail Bagdassarov said that relevant memoranum
    was signed in early 2007 during the visit of the Armenian president
    to Belgium.

    Today both companies are developing and have things to offer to
    one another.

    Presently Armavia is negotiating for purchasing an Airbus and a
    Boeing. The company already has two A-320, two A-319, one CRJ-100, one
    Tu-134, one YAK 42, one IL 86 (under repair) and one Boeing 737-300.

    From: Emil Lazarian | Ararat NewsPress
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