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Because Of The Western Sanctions Against Russia, Air Armenia Could N

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  • Because Of The Western Sanctions Against Russia, Air Armenia Could N

    BECAUSE OF THE WESTERN SANCTIONS AGAINST RUSSIA, AIR ARMENIA COULD NOT TECHNICALLY PAY ACCOUNTS FOR THE FLIGHT NAVIGATION SERVICES

    by Arthur Yernjakyan

    Thursday, September 11, 17:45

    The Armenian air company Air Armenia cannot be blamed for the debt to
    the Russian State Corporation for Organization of the Air Traffic in
    Russia, as it arose because of technical problems, Director of Air
    Armenia, Arsen Avetisyan, told Arminfo correspondent.

    He said that according to the arrangement, Air Armenia transferred
    currency in US dollars at the account in CMP Bank, which renders
    services to the State Corporation for Organization of Air Traffic
    in Russia. However, because of the Western sanctions against Russia
    linked with the events in Ukraine, the US dollar transfers at the
    account in the bank were blocked and did not reach the recipient. So,
    Air Armenia has arranged to make transfers in Russian rubles at the
    account in another bank, Avetisyan said.

    He also added that the past-due-debt of Air Armenia is $400 thsd and
    will be paid off till 21 September. The current debt will be repaid
    according to the repayment schedule, he said. "The flight navigation
    service of Air Armenia will not stop and let passengers and clients
    of the company not worry", - Avetisyan said.

    To note, Russian mass media referring to the information of the
    State Corporation for Organization of the Air Traffic in Russia, have
    disseminated inaccurate information, according to which starting 21
    September Russia will stop rendering the flight navigation service to
    the Air Armenia because of the debt, the total sum of which amounted
    to about $1,1 million. The past-due-debt of Air Armenia amounted to
    $400 thsd and the current debt - $700 thsd.

    Air Armenia is a private airline established in Armenian in 2003 and
    based at Yerevan Zvartnots Airport. For 10 years since its foundation,
    Air Armenia operated only cargo flights, except for a short period in
    2003-2004 when it was contracted to operate passenger flights. Upon
    liberalization of air passenger transportation policy in Armenia
    in 2013, Air Armenia launched regular passenger services to Russia,
    and is planning to expand to other destinations in the CIS and Europe.

    http://www.arminfo.am/index.cfm?objectid=F81CD690-39B9-11E4-AC760EB7C0D21663


    From: Baghdasarian
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