Armavia owes Russian companies 54.2 million rubles

March 30

Armenia's national carrier, Armavia airline owes various Russian
companies and organizations overdue debts of a total of 54.2 million
rubles, according to an official statement of Ross Aviation.

Armavia owes Moscow's Vnukovo Airport 44.3 million rubles. The
airline's debts to the airports in the cities of Sochi and Krasnodar
make one million rubles, said.

In addition, Armavia owes Ross Aviation $288 thousand (more than 8.9
million rubles) for air navigation services in January 2013.
A year ago Armavia's owner Mikhail Baghdasarov made an announcement
about the possible bankruptcy of the airline. The company's financial
difficulties are said to be related to high service tariffs of
Zvartnots Airport.

In September 2012, the press reported about Baghdasarov' intention to
sell Armavia.

TODAY, 13:53