Apr 16, 2013

Secrets of Armavia’s bankruptcy reveale

The Armavia airline owes all airports large sums of money and for that reason these airports do not allow it to operate flights, the former head of the Main Department of Civil Aviation Shahen Petrosian said at the meeting with journalists today. In his words, the airline made a decision about bankruptcy because of its debts.
Economist Harutyun Mesrobian said for his part that bankruptcy is the best way to get rid of one’s debts.
He also underlined the importance of having a strategy of the sector. “Every self-respecting state should have such a strategy and a policy based on it,” Mesrobian noted.

Source: aysor.am

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