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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