October 23, 2012 - 14:01 AMT
Zvartnots again suspends Armavia flights

Armenia International Airports CJSC (Zvartnots) again halted servicing of Armavia air company flights on October 23 morning.

As the airport’s spokesman Gevorg Abrahamyan noted, the air company’s debt again totals USD 3 mln 3 thous, which, according to the agreement, exceeds the permissible amount.

Armavia, in turn, noted that it is paying its debts to the airport on daily basis.

Earlier, Armavia conditioned the suspension of Zvartnots airport’s services to the air company by the airport’s disapproval of the new shareholder.

Meanwhile, Zvartnots noted the national carrier’s debts as the main reason behind the airport’s decision to halt servicing of the air company flights. The amount of Armavia’s debt exceeded the sum agreed on for over $1 million, bringing the total debt to $3,360 million.

As Armenian media outlets reported earlier, either owner of Zvartnots airport, Argentinean Armenian entrepreneur Eduardo Eurnekian, or Armenian president’s son-in-law Mikael Minasyan planned to purchase Armavia. However, Eurnekian denied the rumors later.