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AIR ARMENIA CHIEF SAYS BANKRUPTCY RULED OUT DESPITE FINANCIAL PROBLEMS
11:35 * 03.10.14
In an interview with Tert.am, Air Armenia CEO Arsen Avetisyan agreed
that damping policies by Russian airlines may be the reason behind
the company's financial difficulties, but he denied the report about
a possible bankruptcy.
Mr Avetisyan, reports say that the company has debts amounting to
5 million Dollars and may be declared bankrupt soon. Also, problems
with the purchase of aircrafts were reported.
I don't know who commissioned [such a report], as this is the second
time I hear disinformation. Perhaps they feel happy that we have
problems ... I don't know who does it.
So you actually confirm that you have problems.
We have technical problems; our A320 aircraft has flown to Amsterdam
through Paris for a planned technical maintenance checkup. The second
plane was due to leave for a shorter period, and it is there at the
moment. I don't have an aircraft in Dubai, as the report said, so
the second plane will return after the checkup. The other plane will
be there for 21 days. It wasn't planned, so we are not able to serve
the scheduled flight with only one aircraft. Hence we have merged two
flights. Yes, we do have problems, and I have to borrow a plane from
partner companies to secure the flight till my aircraft returns.
And what about financial problems?
Any air company around the globe has financial problems, but given
that we have enough means in circulation, we manage to resolve our
financial problems. So bankruptcy is out of the question.
You say any air company has financial problems. So don't you attribute
that to damping policies by Russian airlines?
Yes, those statements may be linked to certain steps by the
competitors. And the letter which I received from Rosaeronavigatsia
was very conscientiously and affably written. But the information
published was absurd. And it caused financial problems, as all debitors
now avoid paying money to us. They say we may not be able to serve
flights, causing them to cover the return [costs] of air tickets on
their own. So they all began demanding the money back, afraid that
our company may go bankrupt. But we will not; yes, there are really
problems, as we are not able to secure our proceeds in time to pay
creditors' debts.
Armenian News - Tert.am
11:35 * 03.10.14
In an interview with Tert.am, Air Armenia CEO Arsen Avetisyan agreed
that damping policies by Russian airlines may be the reason behind
the company's financial difficulties, but he denied the report about
a possible bankruptcy.
Mr Avetisyan, reports say that the company has debts amounting to
5 million Dollars and may be declared bankrupt soon. Also, problems
with the purchase of aircrafts were reported.
I don't know who commissioned [such a report], as this is the second
time I hear disinformation. Perhaps they feel happy that we have
problems ... I don't know who does it.
So you actually confirm that you have problems.
We have technical problems; our A320 aircraft has flown to Amsterdam
through Paris for a planned technical maintenance checkup. The second
plane was due to leave for a shorter period, and it is there at the
moment. I don't have an aircraft in Dubai, as the report said, so
the second plane will return after the checkup. The other plane will
be there for 21 days. It wasn't planned, so we are not able to serve
the scheduled flight with only one aircraft. Hence we have merged two
flights. Yes, we do have problems, and I have to borrow a plane from
partner companies to secure the flight till my aircraft returns.
And what about financial problems?
Any air company around the globe has financial problems, but given
that we have enough means in circulation, we manage to resolve our
financial problems. So bankruptcy is out of the question.
You say any air company has financial problems. So don't you attribute
that to damping policies by Russian airlines?
Yes, those statements may be linked to certain steps by the
competitors. And the letter which I received from Rosaeronavigatsia
was very conscientiously and affably written. But the information
published was absurd. And it caused financial problems, as all debitors
now avoid paying money to us. They say we may not be able to serve
flights, causing them to cover the return [costs] of air tickets on
their own. So they all began demanding the money back, afraid that
our company may go bankrupt. But we will not; yes, there are really
problems, as we are not able to secure our proceeds in time to pay
creditors' debts.
Armenian News - Tert.am