Mar 10, 2012

Armavia to declare bankruptcy

According to Hayatsk daily, Armavia has resumed flights but Mikhail Baghdasarov does not believe in the guarantees given by Zvartnots Airport. He is confident that the airport will make no concessions, because it pursues a single purpose: to get super-profit by setting high prices for flights and making the airlines bankrupt.
“Therefore, according to Baghdasarov, Armavia will declare bankruptcy soon,” writes the newspaper.

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