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Russia: airlines in liquidity crisis. The Government intervenes

Moscow, Russia - Ivanov announces funds

A shot in the arm for airlines in crisis announced today by the Russian Vice-Premier, Serghei Ivanov: the Government, through the banks, will finance those carriers (at least nine, plus 30 of the allied) today at risk of closure due to lack of funds to pay fuel. The decision after the inquiry desired by President Medvedev, following to the liquidity crisis that has brought many airlines to ground...

fra/pec - 1095441
Rome, Italy, 10/17/2008 15:44
AVIONEWS - World Aeronautical Press Agency

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