21/01/2014 18:12
Artyom Movsisian: Armavia will not return to aviation market
The Main Civil Aviation Department has no powers concerning the Armavia airline’s liabilities, the head of Armenia’s Main Civil Aviation Department Artyom Movsisian told reporters today.
“These are liabilities of a private company so we have no information about the liabilities or trials related to them,” he said.
According to Movsisian, Armavia has not applied to court so far in connection with its bankruptcy. “Creditors don’t apply to court either because they hope that Armavia will gradually repay their sums, while in case of bankruptcy, this process will proceed in a different way,” Movsisian said.
He expressed confidence that Armavia will not return to the aviation market, first of all due to the amount of the debt of the former national carrier.