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.

Source: panarmenian.net

Armavia pledges to refund Yerevan-Aleppo ticket price by yearend

Armavia Armenian airline company has operated no Yerevan-Aleppo-Yerevan flights in the past three months, with the air carrier citing Syrian-Armenians’ refusal to return to Aleppo as the reason.
However, a number of Syrian Armenians still expect Armavia to refund the price of the tickets earlier purchased.
”The price of the tickets will be refunded by the end of the year. Only 40 people are left to get their money back,” spokesperson for the national carrier Nana Avetisova told a PanARMENIAN.Net reporter.

Armavia's rating has been stopped

The Central Bank of the Republic of Armenia has stopped rating of LLC "Armavia" Airlines on the initiative of the company. The Central Bank of Armenia informed "Armenpress" that the Central Bank of the Republic of Armenia has also stopped rating of LLC “Valletta” on the Initiative of the company. The previous rating was "G-", which was granted in 25.02.2011.
The Armavia company was established in 1996, but commercial flights to Russia and Turkey only started in 2001. It is the Armenia's flag carrier with its head office on the grounds of Zvartnots International Airport in Zvartnots, Armenia, near Yerevan. It operates international passenger services from Yerevan to destinations in Europe and Asia. Its main base is Zvartnots International Airport.

Source: armenpress.am