Armavia to pay part of wages
Pilots and flight attendants of Armavia Air Company today will be paid their wages for 2-3 months, Armavia's spokesperson Nana Avetisova told the company's employees who again gathered outside the company building to demand their wages of seven months.
"Aircraft mechanics and part of the pilots will not get their wages yet. It depends on the amount transferred," she said.
Armenia's last national airline, Armavia, ceased operations on April 1, 2013, over grave financial problems. in a statement released later on the day, the Company linked its inability to pay debts to the consequences of the world economic crisis that has hit the aviation industry hard and has caused the bankruptcy or liquidation of several major carriers such as American Airlines and Russia's Kuban.
Founded in 1996 by Armenian businessman Mikhail Bagdasarov, Armavia owns one Airbus A320, three Boeing 737, and four medium-range planes.
The Company served 48 destinations in Europe, Asia, and North Africa. Armavia's bankruptcy leaves Armenia without a national air carrier, since the other state-owned carrier, Armenian Airlines, went bankrupt in 2003.
