ZHOGHOVURD: ARMAVIA DECLARED BANKRUPT
10:02 * 14.11.14
The paper says it has learned from sources that a Yerevan district
court on Thursday declared the former national airline, Armavia,
The first meeting of debtors is reportedly due on December 16.
The paper notes that the proceeding was filed by Mika Limited, a
company owned by Armavia’s founding president and owner, Mikhail
Baghdasarov. Under the court’s ruling, the airline’s debt to the
company amounts to $38,378,000, says the paper.
Armenian News – Tert.am