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Russian airlines claim for losses due to flight ban to Georgia

Finance Materials 20 November 2019 21:04
Russian airlines claim for losses due to flight ban to Georgia

BAKU, Azerbaijan, November 20

By Tamilla Mammadova – Trend:

Russian Airlines have submitted to the Ministry of Transport the calculations of their financial losses in the amount of 3.2 billion rubles ($50.1 million), Trend reports citing Russian media outlets.

Ural Airlines suffered the largest amount of losses reaching 1.2–1.3 billion rubles ($18.8-20.3 million). Each of the largest Russian airlines Aeroflot and S7 lost about 700 million rubles (10.9 million).

The Pobeda low-cost (part of the Aeroflot group) lost about 400 million rubles ($6.2 million), Red Wings - about 120 million rubles ($1.8 million), Smartavia (the new brand of Nordavia Airlines) - almost 100 million rubles ($1.5 million).

Against the backdrop of the aggravation of Russian-Georgian relations in June 2019, Russian President Vladimir Putin signed a decree prohibiting Russian airlines from transporting citizens from Russia to Georgia from July 8. In addition, Russian tour operators and agents were recommended not to sell tickets to this country.

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