Armenia's flag carrier airline Armavia goes bankrupt, ceases flights

Armenia's national airline, Armavia, has declared the start of bankruptcy proceedings. Armavia's owner, Mikhail Bagdasarov, announced his intention to sell the company last year, but has failed to find a buyer. Bagdasarov attributed Armavia's troubles to the global economic downturn and losses from using a new Russian-made Sukhoi superjet. Europe’s debt crisis has curbed travel and made governments reluctant to aid airlines amid the region’s deepest cost cuts in a generation.… (www.usatoday.com) 기타...