YEREVAN. – The government’s guarantee given for Armavia Airline Company—which is Armenia’s national carrier—is still in force, and capital city Yerevan’s Zvartnots International Airport is not obstructing the company’s flights, Zhamanak daily reports. 

“At the same time Armavia has stopped continually repeating that the company is being sold. The Zvartnots-Armavia conflict could have been the reason why an Italian ‘interest’ in the Armenian airline company reduced, or faded away. But it would have been lucrative for the company’s proprietor Mikhail Baghdasarov to sell Armavia, especially considering the fact that the airline’s license to conduct flights expires next year, and Armavia has no other valuable thing except for that license.         

Also, Armavia being declared bankrupt is inconvenient for Zvartnots because, in that case, it simply will not receive the debts it is owed,” Zhamanak writes.