Sep 22, 2012

Armavia given time to repay the debt because of Independence Day

Although Armavia air company did not repay the debt on Thursday,  “Armenia” International Airports CJSC, taking into account the interests of its customers and the upcoming Independence Day, decided to resume serving Armavia flights staring from 6 p.m., the company said in a press statement.
As reported earlier, Armavia-Zvartnots conflict continues for several months. Earlier Zvartnots suspended the flights because of air company’s debts but then the sides started talks and seemed to reach an agreement.
Owner of Armavia Mikhail Baghdasarov said the company will go into bankruptcy and shut down unless Zvartnots Airport changes its price policy.
“Unless we come to an agreement we will declare bankruptcy, return the air-tickets, sell the airplanes and settle the debts,” said Baghdasarov.


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