Salary Debt Owed To "Armenian Airways" Former Employees Impossible T

SALARY DEBT OWED TO "ARMENIAN AIRWAYS" FORMER EMPLOYEES IMPOSSIBLE TO PAY IN FULL

Noyan Tapan
Apr 16 2007

YEREVAN, APRIL 16, NOYAN TAPAN. Debt of the total amount of 169
mln 297.9 thousand drams (about 457 thousand USD) owed to 331 former
employees of Armenian Airways airline is impossible to pay in full. NT
correspondent was informed at the RA Civil Aviation Main Department
that the employees will receive their salaries according to their
place in the list, and their demands will not be completely met
because the bankrupt airline’s assets made only 28 mln drams after
the last auction. Besides, debt of 1.7 ln drams is owed to 109 persons
recceiving benefits from the airline.

According to the same source, the salary and final payment-related
liabilities to 462 employees of the airline initially amounted to
240 mln 980.9 thousand drams. 71 mln 683 thousand drams of this sum
was paid to former US representative of Armenian Airways K. Arustamian.