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Bankrupt Armavia's owner leaves Armenia

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  • Bankrupt Armavia's owner leaves Armenia

    Haykakan Zhamanak: Bankrupt Armavia's owner leaves Armenia

    09:55 * 01.03.14


    The former employees of Armavia, Armenia's national airline that went
    bankrupt last year, are said to be voicing alarm that the company's
    owner, Mikhail Baghdasarov, has left Armenia forever without paying
    their debts.

    The debt to each of the 40 pilots hired by the company is within the
    range of 6-20 million Drams ($15,000-$20,000), says the paper, adding
    that the unpaid salaries to the air hostesses amounts to 2 million
    ($5,000).

    Several Armavia employees have reportedly told Haykakan Zhamanak that
    Baghdasarov sold two aircrafts back in December, but that apparently
    didn't save the situation, says the paper, as they still are waiting
    for their wages. They expressed serious doubts that Baghdasarov will
    not return, according to the paper.

    Mika Limited, another company owned by Baghdasarov, later denied the
    reports. A source speaking to the paper reportedly said that
    Baghdasarov's trips to Moscow bear a regular character.


    Armenian News - Tert.am




    From: A. Papazian
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