The reasons and consequences of Armavia’s bankruptcy in the highlight of national security
10.04.2013
12:00
On April 10, Media Center hosted a discussion-press conference on “The reasons and consequences of Armavia’s bankruptcy in the highlight of national security”. Among the invited guests were former chief of RA Civil Aviation Shahen Petrosyan, vice-chairperson of Public Council’s Air Transport Policy Sub-Committee Izabella Muradyan and management expert, economist Harutyun Mesrobyan.

Summing up the main reasons that led to the bankruptcy of Armavia Armenia’s national airline, the speakers pointed out faulty management and monopolistic position, despite the speculations on the credibility of the bankruptcy process.  

“There are suspicions, of course, on how a company with a ten million US dollar income could go bankrupt. This seems like an artificial bankruptcy,” stated former chief of RA Civil Aviation Shahen Petrosyan.

Management expert, economist Harutyun Mesrobyan added that the sphere of civil aviation has to be under state auspices or at least under state supervision.  

“Such kind of strategic entities are either under state auspices, which is common practice for many countries, especially for those in a state of war, or are regulated with tight control mechanisms,” he said, stressing that in Armenia “suchlike collapses are inevitable, because since the 90s no strategy, strategic directions and respective actions have been developed” related to this field.  

Izabella Muradyan emphasized the adoption issue of air legislation and the need for the legislative regulation of the field.  

She said that yet a year before Armavia turned to the government with anticipation of certain solution to the issues it was facing, but the response was inadequate.

“At this point the most important thing is the passengers’ issue, which has to be discussed by the Public Council and an extra fund must be created to compensate the passengers’ financial damage, which the state would later levy,” the Public Council representative reported. 

Videos
Print Friendly and PDF
More Press Releases
Defense Field State Procurement Contain Intense Corruption Risks: Expert
26.07.2018
14:00
On July 26 Artak Manukyan president of National Center of Public Policy Research presented the monitoring results of 2017-2018 defense field state procurements at Media Center.
Media: New Authorities, Tendencies to be Concerned About
25.07.2018
12:00
Manipulation, campaigns, disinformation, fake sites, all this has always been in media. It’s the scales we witness currently that enables media experts to label the situation as critical.
“The Obstacles Facing the Monitoring Group and Current Problems Relating to Violation of Human Rights in Penitentiary Institutions”
25.07.2018
11:00
After the velvet revolution the ministry of justice sticks to the same position and keeps hindering the group's activity the same way", stated Nare Hovhannisyan, member of the public monitoring group in conducting public control in RA ministry of justice at July 25 Media Center discussion.
The Conditions of Russian Military Base Armenian Stay Should be Clarified
23.07.2018
13:00
At July 23 Media Center discussion on “Unrest over Panik Incident”, Artur Sakunts, head of Helsinki Citizens’ Assembly Vanadzor Office labelled July 17 Panik incident on behalf of Russian military as terror act against the local population.
Why and How to Defend Scientific Thesis in Armenia
19.07.2018
12:30
July 19, Media Center hosted a discussion on Why and How to Defend Scientific Thesis in Armenia.
Follow us on social networks
Registration of events
Services
Videos
Armenia-Turkey Events