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ARMAVIA FACES BANKRUPTCY
Vestnik Kavkaza, Russia
March 28 2013
The Armenian civil aviation official agency has not ruled out the
bankruptcy of the Armavia company.
Artyom Movsisyan, Head of Armenia's General Department of Civil
Aviation, said the company has found itself in a "tense financial
situation," News.am reports.
He recalled that Armavia's agreement signed with the government, which
proposed providing the company with exclusive rights, is expiring on
April 22. Movsisyan found it difficult to answer whether the agreement
will be extended, as the decision will be made by the government.
As to rumours about selling Armavia, Movsisyan told reporters they
had not received offers from any company. He also described rumours
that Gagik Tsarukyan plans to purchase the company as "ungrounded".
The official noted that government had not made final decision
on Armenia's adopting of "open skies policy". He did not rule out
creation of a state air company.
Vestnik Kavkaza, Russia
March 28 2013
The Armenian civil aviation official agency has not ruled out the
bankruptcy of the Armavia company.
Artyom Movsisyan, Head of Armenia's General Department of Civil
Aviation, said the company has found itself in a "tense financial
situation," News.am reports.
He recalled that Armavia's agreement signed with the government, which
proposed providing the company with exclusive rights, is expiring on
April 22. Movsisyan found it difficult to answer whether the agreement
will be extended, as the decision will be made by the government.
As to rumours about selling Armavia, Movsisyan told reporters they
had not received offers from any company. He also described rumours
that Gagik Tsarukyan plans to purchase the company as "ungrounded".
The official noted that government had not made final decision
on Armenia's adopting of "open skies policy". He did not rule out
creation of a state air company.