Armenia's flag carrier airline Armavia launches bankruptcy proceedings

The carrier said in Friday's statement that it will halt flights next week. Armavia currently has 14 aircraft conducting more than 100 flights a week to 20 countries.

http://www.washingtonpost.com/business/armenias-flag-carrier-airline-armavia-launches-bankruptcy-proceedings/2013/03/29/eb73802c-9881-11e2-b5b4-b63027b499de_story.html