Home > Latest News > Armenian Government Warns Debt-Ridden National Airline

Armenian Government Warns Debt-Ridden National Airline

October 19, 2012 Leave a comment Go to comments

The Armenian government issued a stern warning to Armavia, the struggling national airline, on Friday amid its continuing financial dispute with Yerevan’s Zvartnots international airport increasingly disrupting the country’s air traffic.

Armavia flights from Zvartnots were suspended for several hours for the second consecutive day after the airport management accused the private carrier of failing to repay on time its outstanding debts incurred for ground services.

Armavia planes have been repeatedly grounded for the same reason over the past year. The airline and the airport supposedly settled the dispute when they reached a debt-restructuring agreement in March. Armavia’s debt exceeded $6 million at the time.

Armenian News

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