RUSSIA, BEFORE THE CRASH WAS ONLY FOR THE BRAVE, NOW IT IS FAST BECOMING A NO-GO ZONE FOR INVESTORS AS AVIANOVA BECOMES ANOTHER HIGH PROFILE CASE

Yesterday there was a purge of Avianova management. But this was not because of shoddy or lacklustre work it was a targeted coup by the Russian majority shareholder, A1, against foreign members of the airline’s management with A1 reps telling the media “The foreigners no longer work here”. Avianova CEO, Andy Pyne, from the UK and a number of senior managers including Michael Hayden from Ireland, Guy Maclean of Australia and Trevor Warburton also of the UK, were barred from entering the headquarters of the airline by security guards at the gates yesterday. A1 has installed Russian Konstantin Teterin to