AZG Armenian Daily #108, 14/06/2005
Economy
‘SIBERIA’ PURCHASES ‘MIKA’ AT $50 MILLION
“Siberia” Air Company has confirmed the press release of RA government,
according to which the company leaves Armenia and hands its rights and
commitments to “Mika Armenia Trading company owned by entrepreneur
Mikael Baghdasarov. Liberty Radio informed that as a result of the
deal, “Siberia” will receive $50 million. “Siberia” is the second
largest air company of Russia. Though last year it suffered loss of
$30 million. Thus, “Armavia” company becomes the full property of
“Mika Armenia Trading” and receives many opportunities to enlarge
its activities, as “Armenian Airlines” and “Armenian International
Airlines” left the market during the last two years.