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02 April 2020 The on-line newspaper devoted to the world of transports 13:48 GMT+2

April 16, 2003

Siberian Airline Takes Control of Armenian Sky

The country's No. 2 airline Sibir effectively took control of Armenia's national airline on Tuesday in an unprecedented handover that expands the Russian carrier's access to markets abroad.

After state-owned Armenian Airlines folded under the weight of its debts, Sibir assumed the lion's share of the defunct carrier's 36 flight destination licenses through a two-year-old airline called Armavia, in which it holds a 70 percent stake ......

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