YEREVAN. – Even though the Air Armenia airline company spokesperson had recently informed that the company might resume flights in late March, Zhamanak daily has learned that this is hardly the case, since the company that had purchased Air Armenia’s shares has financial problems, the daily reported.  

“Forty-nine percent of the shares in the company are sold to the English East Prospect Fund Company. Zhamanak has learned, however, that this company’s making investments in Air Armenia was dependent on another transaction, the proceeds from which was to be spent on these investments and the plans to ‘heal’ the company.

“But according to the same information, the English company was unable to conduct this large transaction, [and] for this reason, there were no investments and it is hardly that there will be in the future,” Zhamanak wrote.