Georgian airline went bankrupt

The company “Georgian Airlines” passed into the rehabilitation regime, reports “Business Georgia”.

Currently, the company has accumulated debt in the amount of 176 million Lari in relation to 16,000 individuals and more than 70 companies.

The decision to transition to the rehabilitation regime was taken by Tbilisi City Court on December 20.

According to the court order, the company was in a state of financial crisis due to the coronavirus pandemic, as a result of which it could not maintain their financial obligations.