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Russian airlines face bankruptcy
Moscow, Russia - "Regional airlines are the worst hit"
The Association of Air Transport Operators has warned that Russian airlines are facing bankruptcy because of soaring operating costs. The investigation results have been reported by local press agencies. The total losses of Russia top 35 airlines hit around 450 million dollars in 2011. Of these carriers, 22 operators ended 2011 in red despite obtaining profits in 2010. It should be noted the Russian...
AVIONEWS - World Aeronautical Press Agency - 1143158
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency