Selling Armavia owner Mikhail Bagdasarov's Mika Stadium for over $22 million still leaves the Armenian airlines with a debt of about $37 million, according to Deputy Minister for Finances Pavel Safaryan, News.am reports.
About $17.5 million from selling the stadium will cover tax debts of Armavia, $890,000 to pay taxes of Mika Corporation, about $3.7 million to pay VAT for selling the stadium.
![November 2025 in photos: New Year at GUM, the "City of Living Stories," and autumn scenes](https://en.vestikavkaza.ru/upload2/s400xfull/2025-12-02/1764706769692f49d1538777.83780174.webp "November 2025 in photos: New Year at GUM, the "City of Living Stories," and autumn scenes")
