Zhoghovurd: Baghdasarov vows to pay off debts

The Armavia airline has debts not only to its former employees, but also to numerous companies and banks, Zhoghovurd writes. The newspaper contacted Armavia owner Mikhail Baghdasarov to find out how he is going to pay off the debts.

“I have paid off a part of the debts. I have put up two apartments for sale. They will be sold and I will pay off the debts. I will sell everything to pay off the debts,” Mr Baghdasarov told the newspaper.