No Concern About Debts of Airlines Operating in Armenia

HEAD OF MAIN DEPARTMENT OF CIVIL AVIATION: THERE IS NO CONCERN YET
ABOUT DEBTS OF AIRLINES OPERATING BETWEEN ARMENIA AND OUTSIDE WORLD

YEREVAN, AUGUST 29, NOYAN TAPAN. There is no concern yet about possible
debts of the airlines operating between Armenia and the outside world,
the head of the RA government-adjunct Main Department of Civil Aviation
Artyom Movsesian stated on August 29.

He explained that in international civil aviation, expenses are
compensated in a period of up to three months. By international
practice, the payments for airport services, in particular, for fuel
and aeronavigation services, are transferred to the International Air
Transport Assosiation (IATA) and the clearing house, collected and paid
to the airlines that provided services: this process lasts about three
months. "Carrying out activities in aviation for three months is
related to large sums and may cause someone’s concern. Today I see no
concerns," A. Movsesian said.

According to him, Armenia has air communication with 33 cities of CIS,
Europe and Asia.

To recap, recently a Russian carrier had problems because of
nonpayments for fuel, as a result of which many flights were delayed.

A. Movsesian said that the aviation fuel prices have declined somewhat
thanks to a fall in international stock prices of oil. This may be
conducive to a fall in prices of plane tickets, in which the share of
the aviation fuel cost is large.

From: Emil Lazarian | Ararat NewsPress

http://www.nt.am/news.php?shownews=116851

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS