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Ministry of Economy: debtor airlines must leave the service market

The Ministry of Economy of the Russian Federation has offered airlines with debts to leave the market of providing passenger transportation services.

According to information released by the Ministry of Economy of the Russian Federation, at the moment, the market for the provision of passenger transportation services is highly oversaturated, which in turn not only creates problems for debtor air carriers and their creditors, but also for other air carriers that do not have the opportunity to develop their activities.

At present, there are at least 5 carriers on the territory of the Russian Federation that have large debts to banks, and with each passing month the situation continues to worsen, which in turn results in very serious problems.

Among other things, according to the resource, the allocated funds are spent by airlines for other purposes - millions of dollars are spent on the purchase of passenger airliners, while the existing fleet of aircraft is enough for the development of air carriers.


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