newstodate.aero
OCT 04, 2004 (newstodate): CIS airlines hold their breath to see what is in store as Russia threathens to cut off airnav services in Russian airspace from October 1.
The background for Russia's threat is a debt pile generated by CIS airlines, some of which are long defunct.
As one debtor, e.g. Armenia owes a total of 5.9 million USD to Russia, 2.68 million of which pertain to airlines now long out of operation.
Kazakhstan reportedly owes 5.5 million USD, of which some 3.5 derive from a now-bankrupt airline, and Russia is said to be willing to write-off this amount.
Kazakhstan has negotiated an agreement with Russia, securing its access to Russian airspace after October 1. A plan for payment of the debts by the other Kazakh airline debtors is to be worked out between the parties.
The background for Russia's threat is a debt pile generated by CIS airlines, some of which are long defunct.
As one debtor, e.g. Armenia owes a total of 5.9 million USD to Russia, 2.68 million of which pertain to airlines now long out of operation.
Kazakhstan reportedly owes 5.5 million USD, of which some 3.5 derive from a now-bankrupt airline, and Russia is said to be willing to write-off this amount.
Kazakhstan has negotiated an agreement with Russia, securing its access to Russian airspace after October 1. A plan for payment of the debts by the other Kazakh airline debtors is to be worked out between the parties.