Dec 20, 2012

Armavia owner denies debt to Sukhoi Civil Aircraft Company

The owner of Armavia Mikhail Bagdasarov denied the aircompany’s debt to Sukhoi Civil Aircraft Company (SCAC) for Sukhoi SuperJet 100 plane.
"The jet cost $20 million. We paid $16 million in advance, with $4 to be added. However, later we returned the plane. We believe we owe nothing for technical services, yet SCAC insists we are indebted $1 million in encumbrance charges," he said, noting the latters to be the responsibility of SCAC.
In August SCAC reported that Armavia owed $4million for the jet. As the Company noted, Armavia cannot return the plane the latter being encumbered by an Armenian bank, media sources say.


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