Armenia to sell national air carrier
Yerevan: The Middle Eastern nation of Armenia Wednesday confirmed reports that its national air carrier Armavia was for sale, according to News Agencies.
Armavia press secretary Nana Avetisova said one of the main reasons for selling the company was its unprofitability.
"It is not known who the buyer will be -- Italians or someone else, because there are lots of interested people," Avetisova was quoted as saying.
Armavia flights at Zvartnots international airport near the capital city of Yerevan ceased Sep 20 after the airport refused to provide services over unpaid service fees.
Armavia has amassed $5.3 million in debt in the past six months.
More from India
More from World
More from Sports
More from Entertaiment
- Indians face public wrath in Congo after Congolese national bludgeoned to death in Delhi; govt rejects racism claims
- Trump denounces illegal immigrants as tensions flare
- Regardless of N-deal, primary American embargo on Iran to stay: US Treasury Department
- UK PM Cameron says EU referendum turnout is greatest concern for 'In'
- US states sue White House over transgender bathroom use