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Armavia May Purchase The National Air Carrier Of Georgia

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  • Armavia May Purchase The National Air Carrier Of Georgia

    ARMAVIA MAY PURCHASE THE NATIONAL AIR CARRIER OF GEORGIA

    Mediamax
    July 6, 2011
    Armenia

    Wednesday 6 July 2011 15:29 Yerevan/Mediamax/. Armenian national
    air carrier Armavia considers the opportunity of purchasing Georgian
    Airzena airline.

    Mediamax reports that owner of Armavia, President of "Mika" Corporation
    Mikhail Baghdasarov said this at a news conference in Yerevan today.

    According to him, the offer on purchase of Airzena was received from
    the Georgian airline itself.

    "We have not made a final decision yet, but Airzena is quite a good
    private company, balanced and present on the market for a long time",
    Mikhail Baghdasarov said, without specifying the cost of the possible
    deal.

    Touching upon the financial state of Armavia, Mikhail Baghdasarov
    said that the company is repaying credit debt for purchase of three
    new airliners (Sukhoy Superhet, Bombardier and Airbus), which exceeds
    USD 40mln. He noted that this debt does not cause problems for the
    company, adding that Armenia continues launching new flights (Lions,
    Madrid, Barcelona, Marseilles, Venice).



    From: Emil Lazarian | Ararat NewsPress
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