newstodate.aero
Oct 23 ,2009 (newstodate): A Moscow arbitration court has ruled the liquidation of Russia's Aeroflot-Cargo, putting an effective end to the attempt to run Aeroflot's cargo business as a separate subsidiary.
The ruling will take effect from November 21, 2009, sources say.
While Aeroflot-Cargo proved successful in its freighter operations, the company was forced to pay for belly space on the airline's passenger aircraft at uncompetitive rates, generating a pile of debts.
The ruling will take effect from November 21, 2009, sources say.
While Aeroflot-Cargo proved successful in its freighter operations, the company was forced to pay for belly space on the airline's passenger aircraft at uncompetitive rates, generating a pile of debts.