newstodate.aero
Aug 19, 2009 (newstodate): The Russian government has so far extended a safety net under the country's ailing aviation industry, but now warns that there will a limit.
Speaking at a recent meeting with the Russian aircraft industry, the country's PM said that a plan will be presented by October 1, 2009, for the future financial development of the aviation sector.
The basic contents will be, sources say, that Russia will not infinitely cover the losses of the aviation enterprises, nor will it continue to rescue unprofitable companies from financial bankruptcy as debts pile up.
After the demise of the AiRUnion plans were to set up a new mega-carrier, Rosavia, formed around the Moscow Government's Rossiya, and comprising Kavminvodyavia, Orenburg Airlines, Saratov Airlines, Sakhalin Airways, Vladivostok Airlines, Dalavia, KrasAir, Domodedovo Airlines and Samara.
Plans were that the carrier would be in the air from spring, 2009, already, but Rossiya has since pulled back as it needs a solution to its own debts crisis, leaving the concept in the void.
Speaking at a recent meeting with the Russian aircraft industry, the country's PM said that a plan will be presented by October 1, 2009, for the future financial development of the aviation sector.
The basic contents will be, sources say, that Russia will not infinitely cover the losses of the aviation enterprises, nor will it continue to rescue unprofitable companies from financial bankruptcy as debts pile up.
After the demise of the AiRUnion plans were to set up a new mega-carrier, Rosavia, formed around the Moscow Government's Rossiya, and comprising Kavminvodyavia, Orenburg Airlines, Saratov Airlines, Sakhalin Airways, Vladivostok Airlines, Dalavia, KrasAir, Domodedovo Airlines and Samara.
Plans were that the carrier would be in the air from spring, 2009, already, but Rossiya has since pulled back as it needs a solution to its own debts crisis, leaving the concept in the void.