Yakutia Airlines to receive state aid

Dino D'Amore
By Dino D'Amore February 15, 2016 20:56

Yakutia Airlines to receive state aid

Yakutia Airlines’ CEO, Olga Fedorova, has confirmed to Russia media that it will receive RUB800 million (US$10.57 million) in state subsidies from the local government. The airline, which operates three 737-800s, one 757-200F, two Dash 8-300s, three Q400s, and two SSJ 100-95s, needs to money to cover its annual leasing costs. The carrier also plans to increase its share capital and attract a strategic investor to help repair its financial health, while also seeking to negotiate with Sukhoi Civil Aircraft to restructure its outstanding debt.

Dino D'Amore
By Dino D'Amore February 15, 2016 20:56