newstodate.aero
May 10, 2007 (newstodate): The International Finance Corporation, IPC is currently assessing a project to support the development of the Armenian airline Armavia.
Prior to the eventual decision, IPC has conducted a comprehensive review of Armavia's compliance with IFCs Performance Standards in a wide field of issues.
The project comprises a corporate loan of USD11 million for Armavia to expand its fleet, improve the level of its service and implement recommendations of the technical consultant on organizational restructuring, safety, and training of pilots and staff.
Prior to the eventual decision, IPC has conducted a comprehensive review of Armavia's compliance with IFCs Performance Standards in a wide field of issues.
The project comprises a corporate loan of USD11 million for Armavia to expand its fleet, improve the level of its service and implement recommendations of the technical consultant on organizational restructuring, safety, and training of pilots and staff.