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Armavia Decides To Buy Airbus And Boeing Airliners Instead Of SSJ

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  • Armavia Decides To Buy Airbus And Boeing Airliners Instead Of SSJ

    ARMAVIA DECIDES TO BUY AIRBUS AND BOEING AIRLINERS INSTEAD OF SSJ

    Interfax
    July 10 2012
    Russia

    Armenian airline Armavia has decided to acquire one Airbus airliner
    and one Boeing airliner, the company said on Tuesday.

    The airline's management is now taking part in the Farnborough
    International Airshow in Britain. Representatives of Armavia met with
    counterparts from Airbus and Boeing on the first day, after which a
    decision was made to purchase the airliners

    Details on the purchases will be released after the close of the
    Airshow (which has been extended to July 15), Armavia said in a
    statement.

    Armavia earlier said that it had decided against acquiring a second
    Sukhoi Superjet 100 from CJSC Sukhoi Civil Aircraft, which was to
    be delivered in June 20-30, 2012. The first Sukhoi Superjet 100 was
    received on the airline's balance sheet on April 19, 2011 and is now in
    operation. Armavia planned to acquire several more of these aircraft.

    However, a source was quoted on Monday, saying that Armavia had
    decided against receiving a second SSJ-100 because of the airline's
    financial instability. "Armavia even has the first SSJ-100 pledged
    as security. This indicates that the airline has been experiencing
    financial difficulties and wouldn't be able to pay the leasing costs
    on the second airliner," the source said.

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