Air Armenia has informed today that it is protected against “bankruptcy risk as well as other situations of risk.”

Below is the press release disseminated by the company:

“‘East Prospect Fund’ and Air Armenia CJSC inform that on August 12, Air Armenia CJSC’s balance was supplied with securities amounting to USD 68 million 600 thousand in total. This contribution is owned by Air Armenia CJSC and can be used by the company as needed and for a certain purpose.

As a result of this deal, Air Armenia CJSC has obtained a safeguard measure at the same time replenishing the company’s balance and increasing its capital value. The major achievement of the deal is that the only Armenian airline – Air Armenia – is from now on shielded against any bankruptcy risk and other situations of risk.

It should be added that according to the deal made last December, ‘East Prospect Fund’ owns 49% of Air Armenia shares.”