SOME PROPERTY OF ARMENIAN AIRWAYS TO BE AUCTIONED SOON<br />


SOME PROPERTY OF ARMENIAN AIRWAYS TO BE AUCTIONED SOON

  • 27-09-2006 18:40:00   | Armenia  |  Economy
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. Part of the property (worth about 85 mln drams or 220 thousand USD) of the airline Armenian Airways, which has been declared bankrupt, will be auctioned on October 5. Hrant Ghambarian, Chairman of the commission on Armenian Airways' liquidation, told during a talk with NT correspondent that the IL-86 plane, which belongs to the airline and is now in Moscow's Domodedovo Airport, has also been put on sale. The sum owned to Domodedovo for keeping the plane there has already reached about 1 mln USD. Whereas, according to H. Ghambarian, the highest sale price makes 300 thousand USD, and about 2.5 mln USD will be needed to restore the plane to its operational state. He said that if the plane is not sold, it will soon become a heap of metallic parts, which has happened to two TU-154 planes of the airline. To recap, the airline Express Line has bought three YAK-40 of Armenian Airways. H. Ghambarian said that Armenian Airways' receivables amount to 9.5 bln drams.
  -   Economy