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Interfax, Russia
Sept 28 2012
Italian, Russian, Indian investors interested in Armavia
YEREVAN. Sept 28
Italian, Russian and Indian investors are showing interest in
acquiring Armenian national airline Armavia, the airline told
Interfax.
"So far negotiations are only being held with the Italians, but there
is also interest from Russian and Indian companies," a spokesman said.
He did not name the companies.
The Armenian press has reported that Armavia will be acquired by
Italian airline Volare, which was bought in 2008 by the Argentinian
businessman of Armenian origin Eduardo Ernekyan. Through American
International Airports he owns CJSC Armenia - International Airports,
who under a 30-year concession agreement manages Zvartnots Airport in
Yerevan (it also manages Gyumri Airport).
Armavia told Interfax the talks being held were not with Volare
because the airline does not intend to enter a deal with Ernekyan, due
to tense relations.
Armavia shareholders are Mika Limited (34.9%), Mika Corporation
(0.1%), LLC Aviafin (65%), and the end beneficiary is Armenian
businessman Mikhail Bagdasarov, who wants to sell the airline because
of its losses and high debts.
me
Sept 28 2012
Italian, Russian, Indian investors interested in Armavia
YEREVAN. Sept 28
Italian, Russian and Indian investors are showing interest in
acquiring Armenian national airline Armavia, the airline told
Interfax.
"So far negotiations are only being held with the Italians, but there
is also interest from Russian and Indian companies," a spokesman said.
He did not name the companies.
The Armenian press has reported that Armavia will be acquired by
Italian airline Volare, which was bought in 2008 by the Argentinian
businessman of Armenian origin Eduardo Ernekyan. Through American
International Airports he owns CJSC Armenia - International Airports,
who under a 30-year concession agreement manages Zvartnots Airport in
Yerevan (it also manages Gyumri Airport).
Armavia told Interfax the talks being held were not with Volare
because the airline does not intend to enter a deal with Ernekyan, due
to tense relations.
Armavia shareholders are Mika Limited (34.9%), Mika Corporation
(0.1%), LLC Aviafin (65%), and the end beneficiary is Armenian
businessman Mikhail Bagdasarov, who wants to sell the airline because
of its losses and high debts.
me