Mar 29, 2013

Armavia confirms bankruptcy rumors

Armavia Airline Company, which is Armenia’s national carrier, decided to suspend its flight as of April 1, the Company press release informs. 
“Over the course of three years, Armavia Company invested means from other businesses to maintain Armavia’s development. But the situation is such that there is no possibility to continue the work in this way, [and] therefore a decision is made to suspend the flights and to commence a process of bankruptcy.
“The company expresses its gratitude to all passengers, with whom it worked in all the twelve years, and wishes success.  
“The global economic and aviation crisis ‘destroyed’ many airlines,” Armavia’s press release reads in particular.


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