May 8, 2010

Mikhail Bagdasarov: Armavia’s losses incomparable to those of major European companies

Armavia’s losses, caused by volcanic eruption in Iceland are incomparable to those of major European companies, Armavia CEO Mikhail Bagdasarov stated.
As he told a news conference on May 7, the company had to cancel 5 flights. “We don’t have the exact figure yet. At the moment, losses are being assessed.”
The 2010 eruptions of Eyjafjallajokull were a sequence of major volcanic events at Eyjafjallajokull in Iceland which disrupted air travel across western and northern Europe over an initial period of 6days in April 2010. Further more localized disruption continued into May 2010.

Source: panarmenian.net

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