How Much Does Armavia Owe?

HOW MUCH DOES ARMAVIA OWE?

April 25, 2013 | 18:12

YEREVAN.- Armavia owes the government around AMD 24.2 billion ($58
million), out of which 6.9 billion in taxes and 7.3 billion in fees,
head of the Public Council said.

During the Thursday meeting of the Public Council, Vazgen Manukyan
said Armavia’s overall debt to seven banks totals $35 million. The
air company’s overall debt makes around $93 million

Armavia has a debt restructuring program, while debts to state budget
will be replaced by Armavia shares.

News from Armenia – NEWS.am

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