newstodate.aero
Jun 11, 2009 (newstodate): The end may be in sight of Aeroflot-Cargo as an independent subsidiary of Aeroflot.
At its latest board meeting, the problem with Aeroflot-Cargo was again high on the agenda, and the subsidiary's inability to reach black figures coupled with the current general down-turn in the air cargo business prompted the board to consider the option of starting bankruptcy procedures for the company.
If this option is exercised, Aeroflot's cargo business will be re-integrated within the airline as was the case earlier.
At its latest board meeting, the problem with Aeroflot-Cargo was again high on the agenda, and the subsidiary's inability to reach black figures coupled with the current general down-turn in the air cargo business prompted the board to consider the option of starting bankruptcy procedures for the company.
If this option is exercised, Aeroflot's cargo business will be re-integrated within the airline as was the case earlier.