Former employees of Armavia air carrier demand the owner Mikhail Baghdasarov to sell his personal property to cover debts.
To recall, Armavia national air carrier has launched a bankruptcy procedure without paying areas of wages. The company's staff has already held several protest actions demanding wages.
Armavia national air carrier has launched bankruptcy procedure and stopped flights due to debts. In the autumn of 2012 Sukhoi Civil Aircrafts reported that Armavia's dept for exploitation of SSJ-100 is over $4 million. Armavia's shareholders are MIKA LTD - 34.99% and Aviafin LLC - 65.01%. Bagdasarov set up Armavia in 1996 and sold it to Russian S7. In 2005 pressured by the Armenian tax authorities, S7 gave the company back to Bagdasarov. It was the first to exploit SSJ-100. Armavia carried out over 100 flights to over 40 destinations in 20 countries.