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Russia's Sukhoi To Sue Armavia

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  • Russia's Sukhoi To Sue Armavia

    RUSSIA'S SUKHOI TO SUE ARMAVIA

    April 05, 2013 | 12:14

    Russia's Sukhoi Company is going to file a lawsuit against Armavia
    to the International Commercial Arbitration Court, a source in the
    company told Gazety.ru.

    This is the claim of forced fulfillment of contractual obligations
    on Sukhoi Superjet 100 and recovery of losses associated with the
    termination of the supply agreement.

    "The suit amounting to around $1.385 million will be filed in the
    coming days," the source said.

    After receiving the aircraft Armavia failed to pay the full price
    and later decided to return the plane.

    Armavia air company said it starts bankruptcy proceedings and canceled
    the fights from April 1.

    News from Armenia - NEWS.am



    From: Emil Lazarian | Ararat NewsPress
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