Armenian national air carrier Armavia will repay its loan of $5.3 million in full to Armenia International Airports (AIA), which owns Zvartnots International Airport just outside Yerevan, by September, AIA Deputy General Manager Andranik Shkhyan told reporters in the capital today after several days of tense negotiations between the two parties widely reported in the press.
According to him, the agreement signed between the two parties is aimed first and foremost to having a strong airline and was the main reason to meet all of Armavia’s demands. Shkhyan expressed hope that the repayment schedule will be adhered to and the airline will settle its debt in time, which has reached an enormous amount unacceptable for both the company and investors, he said.
Armenian News
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