Government must share responsibility for Armavia’s bankruptcy – official

16:10 – 08.04.13

The government has its share of responsibility for the bankruptcy of
Armenia’s national air carrier, Isabella Muradyan, Vice-Chair of the
Air Communication Subcommittee, Public Council of Armenia, told
journalists on Monday.

The government’s guilt is that it allows the privatization of
strategic facilities. `Armenia made a blunder by selling its national
airlines to a private person, which is hardly practiced in the world,’
she said.

Ms Muradyan noted that the government is not property regulating the sector.

She also proposes creation of a fund to compensate passengers for
their losses, with Armavia to pay off its debts later.

Armenian News – Tert.am