ARMAVIA HAS OVERCOME CRISIS AND IS STABLY DEVELOPING

Yerevan, September 6. ArmInfo. The national air carrier of Armenia
Armavia, has overcome the crisis following the A-320 crash near
Sochi and the loss of another plane in Belgium and is quite stably
developing, the owner of the company, big Armenian businessman Mikhail
Bagdassarov says in an interview to Armnews.

He says that the company will continue attracting not only Armenian
but also foreign passengers and to successfully rival with the
foreign air companies operating in Armenia. The Sochi crash was a
strong blow on the company – not so much a financial as moral blow,
says Bagdassarov. He notes that he is not going to sell Armavia. On
the contrary, he will do his best to make it a worthy rival to its
foreign counterparts.