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Armavia to stop operations, file for bankruptcy on Monday
ch-aviation.ch (Beringen, Switzerland)
29MAR2013
Armavia [U8, Yerevan Zvartnots (EVN)] has announced that it will
suspend all operations from Monday, April 1 due to its on-going
financial problems. The carrier will file for bankruptcy on the same
date. Armavia currently operates one A320-200, three B737-500s, one
Yak-42 and three CRJ-200s on scheduled services and an A319-100
corporate jet for the Armenian government. It is owned by Mikhail
Bagdasarov's Mika Group which also controls several other large
businesses in Armenia. Bagdasarov blames high airport fees at
Yerevan's Zvartnots airport as one of the key reasons for the
airline's financial problems. Armavia is the only scheduled airline in
Armenia operating its own aircraft.
ch-aviation.ch (Beringen, Switzerland)
29MAR2013
Armavia [U8, Yerevan Zvartnots (EVN)] has announced that it will
suspend all operations from Monday, April 1 due to its on-going
financial problems. The carrier will file for bankruptcy on the same
date. Armavia currently operates one A320-200, three B737-500s, one
Yak-42 and three CRJ-200s on scheduled services and an A319-100
corporate jet for the Armenian government. It is owned by Mikhail
Bagdasarov's Mika Group which also controls several other large
businesses in Armenia. Bagdasarov blames high airport fees at
Yerevan's Zvartnots airport as one of the key reasons for the
airline's financial problems. Armavia is the only scheduled airline in
Armenia operating its own aircraft.