Oct 19, 2012

Zvartnots airport resumes Armavia flights

Armenia International Airports CJSC (Zvartnots) resumed the servicing of Armavia air company flights October 19, 3:00 pm, the airport’s spokesman said.
“The air company has pledged to reduce the debts to USD 3 mln by the end of the working day,” Gevorg Abrahamyan told a PanARMENIAN.Net reporter, adding that Zvartnots will be forced to halt services to Armavia again, if the latter fails to fulfill the promise.
Armavia conditioned the suspension of Zvartnots airport’s services to the air company by the airport’s disapproval of the new shareholder.
Meanwhile, Zvartnots noted Armavia’s debts as the main reason behind the airport’s decision to halt servicing of the air company flights. The amount of Armavia’s debt exceeded the sum agreed on for over $1 million, bringing the total debt to $3,360 million.
As Armenian media outlets reported earlier, either owner of Zvartnots airport, Argentinean Armenian entrepreneur Eduardo Eurnekian, or Armenian president’s son-in-law Mikael Minasyan planned to purchase Armavia. However, Eurnekian denied the rumors later.

Source: panarmenian.net

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