October 18, 2012 - 12:51 AMT
Zvartnots again suspends Armavia flights over debts

Armenia International Airports CJSC (Zvartnots) has again halted the servicing of Armavia air company flights, the airport’s spokesman said.

“The situation will change if the company takes appropriate steps to pay off its debt,” Gevorg Abrahamyan told a PanARMENIAN.Net reporter.

Zvartnots resumed services to Armavia company October 17, 4:30 pm, noting that details on the airport’s services to the air company will be clarified October 18.

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 Armavia’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.