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AEROFLOT BACKS IN BLACK

MOSCOW, Russian state-airline Aeroflot finally returned to the black reporting net income of $8.6m for 2000, having a breath after scoring losses for $59.6m in 1999. A rise in revenues and a sharp reduction in taxes helped the positive results, which came up after a group of Russian shareholders imposed their influence on the company by acquiring a significant minority stake in the airline.

AVIONEWS - World Aeronautical Press Agency - 15302

AVIONEWS - World Aeronautical Press Agency
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