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  • Armavia Sells Property

    ARMAVIA SELLS PROPERTY

    Vestnik Kavkaza, Russia
    May 30 2013

    Armavia, Armenian national air company, has announced sales of planes
    and property, ARKA cites spokeswoman of the company Nana Avetisova.

    The company stopped flights on April 1, 2013, and started the
    bankruptcy procedure.

    Armavia has 8 planes, including CRJ, Boeing and Airbus.

    Armenian Minister for Finances David Sarkisyan said on May 22 that
    the Committee for State Income filed a lawsuit against the company
    due to the air tax. The lawsuit was announced on May 23, totaling 17
    billion drams.

    Andranik Shkheyan, deputy head manger of the Zvartnots Airport,
    said that Armavia owed about $5.536 million to the airport.

    Armavia returned the first of the Sukhoi Superjet 100s last year. The
    second one was not sent to the company. Armavia did not pay about $4
    million for exploitation of the jet. The company has not paid the debt
    of $22 million to the VTB Bank for purchasing the Sukhoi Superjet 100.

    Armavia owes wages to its staff for 2-3 months of work.




    From: A. Papazian
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