Russian Aviation Faces Tsunami of Bankruptcies
Different Russian government agencies reportedly are unable to agree on the terms of providing airlines with the subsidies they rely on.
Russian Aviation Crisis: 30 Airline Companies Face Bankruptcy Amid Mounting Debts and Sanctions
In a troubling turn for Russian aviation industry, nearly 30 airlines responsible for more than a quarter of the nation’s domestic passenger traffic are on the brink of bankruptcy. Many of these airlines are smaller companies with limited resources,
Nearly 30 Russian airlines may go bankrupt in 2025, media reports
About thirty Russian airlines, accounting for 26% of domestic passenger traffic, may go bankrupt in 2025, Russia's Izvestia newspaper reported on Nov. 13. Since the full-scale invasion has begun, most Russian airlines came under Western sanctions.
Thirty Russian airlines may go bankrupt in 2025
Thirty Russian airlines, which provide more than a quarter (26%) of domestic passenger traffic, may go bankrupt in 2025 Source: Izvestia Details: A sharp deterioration in the financial situation and the withdrawal of operator's certificates threaten air carriers with bankruptcy due to accumulated debts for leasing foreign aircraft.
Thirty Russian Airlines Face Potential Bankruptcy
More than 30 Russian airlines, which provide over a quarter (26%) of domestic flights, face bankruptcy in 2025, sources told Izvestia. These airlines are struggling financially and risk losing their operating licenses due to unpaid debts on leased foreign aircraft.
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Tsunami advisory (0.2 to 1 meter): People at sea will be at risk of being caught in fast currents. However, people on land ...