EXCLUSIVE INTERVIEW OF MICHAEL BAGDASAROV, ARMAVIA AIR COMPANY OWNER, TO PANORAMA.AM

Panorama.am
17:10 09/05/06

– Mr. Bagdasarov, what does the air company Armavia undertake to deal
with the present situation?

-First, I would like once again to render my condolences to the
relatives of victims of May 3 airliners crash. Second, Armavia will
get another airliner – Airbus -319 in a week. Besides, Armavia has
already rented TU 154 M. Armavia tries to settle the issue of insurance
payments to the relatives of the victims.

-How the insurance is going to be settled?

-These issues are almost settled. The families of victims will receive
about $20 thousand since our insurance company pays about $2 mln
annually.