Feb 15, 2013

"Armavia" finds information on VTB action to be altered

"Armavia" national airways consider information of the Russian media that VTB bank brings in an action against Armenian businessman Mikhail Baghdasarov's "Armavia" and Mika Limited (registered in Jersey Island) for USD 22 million, to be altered. As reports "Armenpress" the Press Service of "Armavia" stated: "We do not comment on information, which is apparently altered."
In accordance with the information of Russian "Izvestia" periodical VTB bank wants to get back the amount of money it gave to the air transportation company for refinancing the credit funds. The company received the credits to buy Russian Sukhoi Superjet-100 aircraft. A number of lawyers find that the bank has good chances to win, and the procedure, which launched in Jersey, is doomed to collapse. Mikhail Baghdasarov told "Izvestia" that “the credits will be paid off soon, and the action will be repealed."

Source: armenpress.am

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