MIKHAIL BAGDASAROV: ARMAVIA’S LOSSES INCOMPARABLE TO THOSE OF MAJOR EUROPEAN COMPANIES

PanARMENIAN.Net
May 7, 2010 – 17:41 AMT 12:41 GMT

Armavia’s losses, caused by volcanic eruption in Iceland are
incomparable to those of major European companies, Armavia CEO Mikhail
Bagdasarov stated.

As he told a news conference on May 7, the company had to cancel 5
flights. "We don’t have the exact figure yet. At the moment, losses
are being assessed."

The 2010 eruptions of Eyjafjallajokull were a sequence of major
volcanic events at Eyjafjallajokull in Iceland which disrupted air
travel across western and northern Europe over an initial period of
6days in April 2010. Further more localized disruption continued into
May 2010.