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ARMAVIA EMPLOYEES WAITING FOR WAGES
http://www.a1plus.am/en/social/2013/06/18/aravot
07:40 PM | TODAY | SOCIAL
Former employees of Armenian businessman Mikhail Bagdasarov's Armavia
Airline Company, the country's only carrier that launched bankruptcy
procedures earlier this year due to grave financial problems, again
gathered in front of the Company's office demanding their unpaid
wages. As the pilots said the administration had promised them to
pay part of the wages but again it failed to keep the promise.
Later in the day, the former employees met with Armavia CEO Norayr
Beluyan who again assured the group that the company would pay their
wages, without specifying the long-awaited date of payment.
Armavia has not paid its employees since November 2012.
Armenia's last national airline, Armavia, ceased operations on April 1,
2013, over grave financial problems. In a statement released later
on the day, the Company linked its inability to pay debts to the
consequences of the world economic crisis that has hit the aviation
industry hard and has caused the bankruptcy or liquidation of several
major carriers such as American Airlines and Russia's Kuban.
Founded in 1996 by Armenian businessman Mikhail Bagdasarov, Armavia
owned one Airbus A320, three Boeing 737, and four medium-range planes.
The Company served 48 destinations in Europe, Asia, and North Africa.
Armavia's bankruptcy leaves Armenia without a national air carrier,
since the other state-owned carrier, Armenian Airlines, went bankrupt
in 2003.
http://www.a1plus.am/en/social/2013/06/18/aravot
07:40 PM | TODAY | SOCIAL
Former employees of Armenian businessman Mikhail Bagdasarov's Armavia
Airline Company, the country's only carrier that launched bankruptcy
procedures earlier this year due to grave financial problems, again
gathered in front of the Company's office demanding their unpaid
wages. As the pilots said the administration had promised them to
pay part of the wages but again it failed to keep the promise.
Later in the day, the former employees met with Armavia CEO Norayr
Beluyan who again assured the group that the company would pay their
wages, without specifying the long-awaited date of payment.
Armavia has not paid its employees since November 2012.
Armenia's last national airline, Armavia, ceased operations on April 1,
2013, over grave financial problems. In a statement released later
on the day, the Company linked its inability to pay debts to the
consequences of the world economic crisis that has hit the aviation
industry hard and has caused the bankruptcy or liquidation of several
major carriers such as American Airlines and Russia's Kuban.
Founded in 1996 by Armenian businessman Mikhail Bagdasarov, Armavia
owned one Airbus A320, three Boeing 737, and four medium-range planes.
The Company served 48 destinations in Europe, Asia, and North Africa.
Armavia's bankruptcy leaves Armenia without a national air carrier,
since the other state-owned carrier, Armenian Airlines, went bankrupt
in 2003.