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Armavia Does Not Have Financial Means To Keep National Air Carrier S

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  • Armavia Does Not Have Financial Means To Keep National Air Carrier S

    ARMAVIA DOES NOT HAVE FINANCIAL MEANS TO KEEP NATIONAL AIR CARRIER STATUS: ARTYOM MOVSISYAN

    14:50, 28 March, 2013

    YEREVAN, MARCH 28, ARMENPRESS: "Armavia" air company currently does not
    possess necessary financial means to postpone and commit obligations
    undertaken by the state. As Armenpress reports, Artyom Movsisyan, Head
    of Armenia's General Department of Civil Aviation told the reporters,
    "I think, a final decision will be made in the nearest future. The
    agreement expires on April 22 and let us hope a final decision will
    be made by that scheduled time. Currently an intensive discussion
    is ongoing in the Government; civil aviation is not the single body
    responsible to make a decision".

    As Armenpress reports, Head of Armenia's General Department of Civil
    Aviation, does not rule out "Armavia" will not be declared "bankrupt"
    due to the debts. Talks are already underway for a few months refer to
    "Armavia" purchase. The company has declared negotiations are being
    launched with Italian and foreign organizations.


    From: Baghdasarian
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