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Zhoghovurd: Armavia Has Huge Debts

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  • Zhoghovurd: Armavia Has Huge Debts

    ZHOGHOVURD: ARMAVIA HAS HUGE DEBTS

    11:43 23/12/2014 >> DAILY PRESS

    Armavia airline, Armenia's former national air carrier, was declared
    bankrupt one and a half month ago. Zhoghovurd newspaper saw the list
    of the air company's debtees, which, to put it mildly, is impressive.

    The airline has debts to 122 individuals, mostly its employees, as well
    as to 27 companies. The US dollar debts amount to about 90 million,
    while the Armenian dram debts seem endless, according to the daily.

    The newspaper notes that in addition, Armavia has tax obligations
    to the state in the amount of 31 billion 357 million drams and 2
    million dollars.

    Source: Panorama.am



    From: Emil Lazarian | Ararat NewsPress
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