YEREVAN. – Air Armenia airline has gone to court to dispute the decision on its being declared bankrupt, the airline informed Armenian News-NEWS.am.
In addition, the airline representatives will soon present a recovery plan
On August 12, this Armenian airline had announced that securities totaling US$68 million were included into its balance.
But on November 2, the Court of General Jurisdiction of Kentron and Nork-Marash Administrative Districts of Yerevan, the capital city of Armenia, had declared Air Armenia bankrupt.