YEREVAN. – “We are witnessing in recent months as to how Armavia [Airline Company, which is Armenia’s national carrier] is going bankrupt and they are discussing whose it will become. According to rumors, [company’s proprietor] Mika Baghdasarov has no other choice but selling the company,” Hraparak daily reports, and adds:

“But the rumors that a company is interested in Armavia are not turning into a reality. [And] A businessman explained to us the reason: It is meaningless to give several million dollars for something whose value is a mere several hundred thousand [dollars].   

The thing is that the deadline for the national airline carrier’s license [to conduct flights] is expiring, and anyone who holds a claim to acquire it can do that in a few months, [and] by way of obtaining the license. But aside from a set of buildings and rundown computers and office furniture, Armavia has nothing significant.”