Armavia owes Russian companies 54.2 million rubles

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, Lenta.ru 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.