Yerevan/Mediamax/. "Armavia" airline made a decision to stop flights from April 1, 2013.

The press release of the company notes that "it was decided to stop flights and start the procedure of bankruptcy, Mediamax reports.

"Over 3 years, the owner of "Armavia" airline has invested money from other businesses to support "Armavia's" development. However, as of now, the situation is that it's not possible to continue this way that's why it's was decided to stop the flights and start the bankruptcy procedure", "Armavia" press release notes.