Newspaper: Armenian Armavia Airline debt should be paid by state
Armenian '168 Hours' newspaper has written with reference to its sources that three alternatives of the future of Armavia Airline are currently being discussed, Panorama.am reports.
According to the first alternative, an American company could become the owner of Aramavia. According to the second option, the company could be purchased by investors from Italy. The third option assumes that 51 present of the airline's stocks will be purchased by the Armenian government.
'The latter scenario is perhaps remarkable in the sense that it will be the first time since Armenia acquired independence when a private company of strategic importance is passing into the public ownership.
'By the way, Armavia"s external debt is 30 million dollars and in any case should be paid by state that is by taxpayers. This is because the debt of a bankrupt company transfers to the civil aviation of the country that has given it permission to conduct operations. As the General Department of Civil Aviation of Armenia is a public structure, therefore, the debt of Armavia becomes a public debt', the newspaper noted.