The Board of Directors of Aeroflot – Russian Airlines has accepted a proposal of the passenger carrier’s management to initiate bankruptcy procedures against Aeroflot-Cargo, according to Russian media reports. The decision was apparently based on the fact that Aeroflot Cargo, cut loose as a separate entity nearly two years ago has nearly five billion Russian rubles (€115 million) in outstanding debts to Aeroflot – Russian Airlines and given the unfavourable … [Read more...] about EUROPE & CIS: Aeroflot Cargo put under bankruptcy by parent

The Board of Directors of Aeroflot – Russian Airlines has accepted a proposal of the passenger carrier’s management to initiate bankruptcy procedures against Aeroflot-Cargo, according to Russian media reports. The decision was apparently based on the fact that Aeroflot Cargo, cut loose as a separate entity nearly two years ago has nearly five billion Russian rubles (€115 million) in outstanding debts to Aeroflot – Russian Airlines and given the unfavourable … [Read more...] about EUROPE & CIS: Aeroflot Cargo put under bankruptcy by parent