newstodate.aero
Apr 15, 2009 (newstodate): Russia's KD Avia, based at Kaliningrad, may now be rescued from bankruptcy on the brink of collapse.
The Kaliningrad regional government has stepped in to save the airline by increasing its share of ownership in the carrier beyond the nine percent stake currently held.
The fresh capital thus injected will allow the carrier to pay-off the debt burdens owed to several parties, including Russia's air navigation company.
The Kaliningrad regional government has stepped in to save the airline by increasing its share of ownership in the carrier beyond the nine percent stake currently held.
The fresh capital thus injected will allow the carrier to pay-off the debt burdens owed to several parties, including Russia's air navigation company.