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MIKHAIL BAGDASAROV: ARMAVIA'S TOTAL DEBT IS NO MORE THAN $50MLN
ARMINFO
Friday, March 15, 17:00
As of today the total debt of the national air carrier of Armenia,
Armavia, is no more than $50mln, the owner of Armavia, President of
Mika Limited Mikhail Bagdasarov said in an interview with ArmInfo.
He said that the reports that the company owes $127mln are not true.
"Simply we would like to sell it for as much, and this sum includes
not only our debts but also investments, profits and my dividends,"
Bagdasarov said.
He said that his concern for the moment is not so much Armavia as the
cement factory in Hrazdan - an asset he also owns and wants to sell.
Bagdasarov said that the potential buyers of Armavia are mostly
individuals, including Armenians from the Diaspora.
"We would like individuals from Armenia, including Gagik Tsarukyan,
to buy stakes in the company, but we have received no bids so far,"
Bagdasarov said.
He refuted the reports that he met with the leader of Prosperous
Armenia Party, President of Multi Group Gagik Tsarukyan recently to
negotiate the sale of Armavia. "We had a short meeting. But it was
long ago, and we didn't say a word about Armavia," Bagdasarov said.
Bagdasarov said that in Mar 2013 Armavia's 10-year exclusive right
to air services and it will not apply for a new one. "What exclusive
right are we talking about if we fly to Moscow and see three Russian
air companies flying at one and the same time from the opposite
direction? And we have to pay $1mln for this license. Real monopolists
are those who supply jet fuel and fix high prices for services in the
airport. As for us, we will apply for ordinary licenses to specific
flights," Bagdasarov said.
Bagdasarov is displeased with the fact that the air ticket prices
include a so-called tax on the air. "The long-term contract signed by
the owner of Armavia, Sibir air company, with our navigation services,
did not mention any air tax. Now because of the authorities, who
have imposed the tax, we are forced to pay additional money. We are
not going to stand this and will appeal to courts of all levels,
including the international arbitration court," Bagdasarov said.
Bagdasarov set up Armavia in 1996 and sold it to Russian S7. In 2005
pressured by the Armenian tax authorities, S7 gave the company back
to Bagdasarov. Today Armavia carries out over 100 flights to over 40
destinations in 20 countries.
ARMINFO
Friday, March 15, 17:00
As of today the total debt of the national air carrier of Armenia,
Armavia, is no more than $50mln, the owner of Armavia, President of
Mika Limited Mikhail Bagdasarov said in an interview with ArmInfo.
He said that the reports that the company owes $127mln are not true.
"Simply we would like to sell it for as much, and this sum includes
not only our debts but also investments, profits and my dividends,"
Bagdasarov said.
He said that his concern for the moment is not so much Armavia as the
cement factory in Hrazdan - an asset he also owns and wants to sell.
Bagdasarov said that the potential buyers of Armavia are mostly
individuals, including Armenians from the Diaspora.
"We would like individuals from Armenia, including Gagik Tsarukyan,
to buy stakes in the company, but we have received no bids so far,"
Bagdasarov said.
He refuted the reports that he met with the leader of Prosperous
Armenia Party, President of Multi Group Gagik Tsarukyan recently to
negotiate the sale of Armavia. "We had a short meeting. But it was
long ago, and we didn't say a word about Armavia," Bagdasarov said.
Bagdasarov said that in Mar 2013 Armavia's 10-year exclusive right
to air services and it will not apply for a new one. "What exclusive
right are we talking about if we fly to Moscow and see three Russian
air companies flying at one and the same time from the opposite
direction? And we have to pay $1mln for this license. Real monopolists
are those who supply jet fuel and fix high prices for services in the
airport. As for us, we will apply for ordinary licenses to specific
flights," Bagdasarov said.
Bagdasarov is displeased with the fact that the air ticket prices
include a so-called tax on the air. "The long-term contract signed by
the owner of Armavia, Sibir air company, with our navigation services,
did not mention any air tax. Now because of the authorities, who
have imposed the tax, we are forced to pay additional money. We are
not going to stand this and will appeal to courts of all levels,
including the international arbitration court," Bagdasarov said.
Bagdasarov set up Armavia in 1996 and sold it to Russian S7. In 2005
pressured by the Armenian tax authorities, S7 gave the company back
to Bagdasarov. Today Armavia carries out over 100 flights to over 40
destinations in 20 countries.