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Russia's Aeroflot holding talks on buying up Georgian Airlines

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  • Russia's Aeroflot holding talks on buying up Georgian Airlines

    Russia's Aeroflot holding talks on buying up Georgian Airlines

    RIA news agency
    28 May 04

    Tbilisi, 28 May: Aeroflot is holding talks on buying the Georgian
    Airlines company, director-general of the Russian company Valeriy
    Okulov has said. He is attending a Russian-Georgian business conference
    in Tbilisi.

    "The talks will take more than a week," Okulov said. He refused to
    disclose any other details of the deal.

    RIA-Novosti has learnt from a member of the Russian delegation that
    there is talk about purchasing 100 per cent of shares in the Georgian
    company. The source said that Aeroflot had already initialled an
    agreement with Georgian Airlines on acquiring the company. "The deal
    is worth several million dollars," the source said.

    The source also said that talks had began at the business conference
    between the Volga car manufacturer and the Georgian leadership and
    the Tbilisi aircraft factory [as received] on setting up the assembly
    of Niva cars in Tbilisi.

    He said that talks had also started on the construction of a railway
    branch from Georgia to Armenia, which will be financed by Russian,
    Armenian and Georgian businessmen.
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