{"id":515996,"date":"2022-11-23T11:29:00","date_gmt":"2022-11-23T09:29:00","guid":{"rendered":"https:\/\/ipn.md\/avia-invest-decision-to-rescind-airport-concession-contract-will-be-appealed\/"},"modified":"2026-07-18T17:15:03","modified_gmt":"2026-07-18T14:15:03","slug":"avia-invest-decision-to-rescind-airport-concession-contract-will-be-appealed","status":"publish","type":"post","link":"https:\/\/ipn.md\/en\/avia-invest-decision-to-rescind-airport-concession-contract-will-be-appealed\/","title":{"rendered":"Avia Invest: Decision to rescind airport concession contract will be appealed"},"content":{"rendered":"<p style=\"margin-bottom:13px\">Avia Invest considers the Chisinau Appeals Court\u2019s decision to terminate the contract for the concession of the Chisinau International Airport is illegal and intends to challenge it in the Supreme Court of Justice. It noted that the illegal rescinding of the concession contract costs the state over \u20ac90 million, IPN reports.<\/p>\n<p>\u201cThe reason for the termination \u2013 the alleged non-presentation of a guarantee for the proper execution of the contract \u2013 is fully absurd and even weird, at least because, based on court documents, the insurance contract is valid and legally enforceable. Moreover, the second (additional) insurance was never challenged by anyone, while the insurance policy was accepted by the Public Property Agency and is still there. How can the appeals court take a decision to terminate the concession contract over the alleged lack of insurance when the insurance is valid based on a court decision?\u201d Avia Invest noted in a press release.<\/p>\n<p>The company said the developments show once again that there are no real reasons for the termination of the concession contract and have never existed. \u201cPolitical pressure was exerted on courts and this derives from the multiple statements by government officials who insisted on such a decision even if damage is caused to the state,\u201d runs the press release.<\/p>\n<p>\u201cWe warn the public and the authorities in the Republic of Moldova that the termination of the contract implies the reimbursement of the made investments that now total over \u20ac90 million and these were confirmed by international audits and by the PPA\u2019s decisions of 2013-2021. We remind the authorities that the Stockholm arbitration court\u2019s decision about the lack of investments is a phantasy and an attempt to present a lie as a truth. The international arbitration court didn\u2019t state the absence of investments, but noted that the made investments weren\u2019t in accordance with any of the international conventions. This decision was appealed,\u201d said the company.<\/p>\n<p>Minister of Justice Sergiu Litvinenco on Wednesday <a href=\"https:\/\/www.ipn.md\/ro\/aeroportul-international-chisinau-revine-in-proprietatea-statului-7966_1093573.html\" target=\"_blank\">announced<\/a> that the Chisinau International Airport<b> <\/b>returns under state management following a decision taken by the Chisinau Appeals Court. The court decision is definitive and executory.<\/p>\n<p>T<span lang=\"EN-US\" style=\"background:white\">he operations and management of the Chisinau International Airport were transferred to the concessionaire Avia Invest in November 2013, under a private-public partnership model. Avia Invest undertook to manage the airport during 49 years and to invest \u20ac250 million in the modernization of the airport. But the company was accused of not fulfilling its obligations and of not respecting the investment plan and the concession contract was therefore rescinded<\/span>.<\/p>\n<div id=\"related_pages_keyphrase\" style=\"display:none;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Avia Invest considers the Chisinau Appeals Court\u2019s decision to terminate the contract for the concession of the Chisinau International Airport is illegal and intends to challenge it in the Supreme&hellip;<\/p>\n","protected":false},"author":0,"featured_media":515869,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[133],"tags":[42299],"class_list":["post-515996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Avia Invest: Decision to rescind airport concession contract will be appealed - 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