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ARMENIAN NATIONAL AIR CARRIER FOR SALE
Xinhua General News Service
September 26, 2012 Wednesday 9:40 AM EST
China
Armenian national air carrier Armavia on Wednesday confirmed rumors
it was for sale.
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 persons," Avetisova said.
Armavia flights at Zvartnots international airport near the capital
city of Yerevan ceased on Sept. 20 after the airport refused to
provide services over unpaid service fees.
The two sides had signed an agreement on March 15 in which Zvartnots
agreed to review service fees, while Armavia promised to pay its
outstanding accounts by the end of September.
Armavia has amassed 5.3 million U.S. dollars of debt in six months.
Xinhua General News Service
September 26, 2012 Wednesday 9:40 AM EST
China
Armenian national air carrier Armavia on Wednesday confirmed rumors
it was for sale.
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 persons," Avetisova said.
Armavia flights at Zvartnots international airport near the capital
city of Yerevan ceased on Sept. 20 after the airport refused to
provide services over unpaid service fees.
The two sides had signed an agreement on March 15 in which Zvartnots
agreed to review service fees, while Armavia promised to pay its
outstanding accounts by the end of September.
Armavia has amassed 5.3 million U.S. dollars of debt in six months.