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Armavia Pilots Going To Change Citizenship And Move To Russian Air C

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  • Armavia Pilots Going To Change Citizenship And Move To Russian Air C

    ARMAVIA PILOTS GOING TO CHANGE CITIZENSHIP AND MOVE TO RUSSIAN AIR COMPANIES

    ARMINFO
    Tuesday, April 2, 14:55

    An ad hoc committee will probably be set up in Armenia to engage in
    bankruptcy procedure of Armenia national air carrier, Levon Ghazaryan,
    Head of the Armavia IT-Service told ArmInfo. Ghazaryan has worked in
    the aviation sphere for over 30 years.

    He said that the committee will comprise representatives of both
    creditors and the state. Part of the company's aircrafts will probably
    be sold to redeem the accumulated debt, while the other part will be
    written off.

    According to Gazeta.ru, Armavia's demand for air navigation in Russia
    totaled $288,000. "It is an overdue payment to the State Corporation
    for Organization of Air Traffic for January 2013. The debt for the
    following months is considered the current debt," the source reported.

    Levon Ghazaryan said that the company's aviators have already begun
    thinking of changing citizenship and workplace. Many of them will
    sure take advantage of the new law lifting the ban on employment of
    non-citizens of the Russian Federation at Russian airlines that came
    into effect in Feb 2013. Russia needs nearly 1000 pilots of civil
    aviation and Armavia's pilots intend to use the situation. In the
    meanwhile, training of a pilot requires nearly $100,000 and Armenia
    may remain with a foreign air company and without pilots. Nearly 22
    air companies in the country exist only on paper. It is an opportunity
    to get money at the expense of others. They create a company without
    aircrafts, without equipment. The company makes contracts with foreign
    airlines and offers flights of one airline instead of parity, and gets
    funds for a definite quantity of sold tickets. The operating foreign
    air companies already offer their services instead of Armavia. Thus,
    Aegean Airlines has already offered a Yerevan-Saloniki flight for
    much higher price.

    Ghazaryan thinks that Armavia's bankruptcy will affect not only the
    citizens of Armenia but also Zvartnots Airport that was reconstructed
    on Armavia's allocations. Armavia paid the airport 52 million drams
    per 9 flights. This amount was by 25% higher for nighttime flights.

    The company made over 350 flights monthly and 24 flights daily. Other
    airlines make one-two flights a week. It is not clear who will serve
    the board number 1 (the president's plane) instead of Armavia.

    Ghazaryan is bewildered at the statements of some parliamentarians
    who compared Armavia's bankruptcy will possible bankruptcy of a
    candy factory.

    "It is interesting, if the Electric Networks of Armenia go bankrupt,
    and the country remains without electric power, what will those
    parliamentarians say?" Ghazaryan asked.

    Bagdasarov set up Armavia in 1996 and sold it to Russian S7. In 2005
    pressured by the Armenian tax authorities, S7 gave the company back
    to Bagdasarov. Today Armavia carried out over 100 flights to over 40
    destinations in 20 countries. It was the first to exploit SSJ-100. In
    autumn 2012 Sukhoi Civil Aircrafts reported that Armavia's debt
    for exploitation of SSJ-100 was over $4 million, inclusive of the
    underfinanced transactions on the aircraft, debt for service and spare.

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