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Prosperous Armenia Party Leader To Buy Armavia

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  • Prosperous Armenia Party Leader To Buy Armavia

    PROSPEROUS ARMENIA PARTY LEADER TO BUY ARMAVIA

    Vestnik Kavkaza, Russia
    March 15 2013

    Leader of the prosperous Armenia Party Gagik Tsarukyan has met co-owner
    of Armavia, Michael Bagdasarov, News Armenia reports.

    Tsarukyan discussed purchase of the company. US and Italian companies
    consider buying it as well.

    Armavia's license expired yesterday. Tsarukyan is urging Bagdasarov
    to announce bankruptcy of the company. The government is against the
    idea, fearing protests of staff.

    Armavia was founded in 1996. It makes over 100 flights a week in over
    40 directions and 20 countries.

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