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Russia To Extend Emergency Support To Airline Industry - Report

By Dave Simpson

Russia will provide its airlines with another 50.6 billion roubles ($810 million) of emergency support as the industry reels from the fallout of the war in Ukraine, the RBC daily reported on Tuesday 6 September, citing a government source.

Details

The funds will be an extension of a 100 billion rouble scheme put in place earlier this year which is due to expire at the end of October.

The transport ministry press office declined to comment.

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State-owned Aeroflot, which also runs the low-cost Pobeda airline - Russian for "victory" - was the biggest beneficiary of the first tranche of funds.

Severed Air Links

Since invading Ukraine in February, Russia has seen many of its international air links severed. The European Union has banned Russian planes from its airspace, while other western sanctions are squeezing Russia's ability to secure spare parts or service its large fleets of Boeing and Airbus planes.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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