EUROPE & CIS: Aeroflot Cargo returns to control of parent
Aeroflot Cargo has been declared bankrupt after a ruling by the arbitration court of the Moscow region, completing a process that was begun in June last year when the shareholders of Aeroflot Cargo approved the decision to file for bankruptcy with the carrierÃ¢â‚¬™s losses estimated at US$140 million. The carrierÃ¢â‚¬™s operating licence was suspended in […]
June 1, 2010
Operations have now been rolledback into the control of parent company Aeroflot Russian Airlines and the companyÃ¢â‚¬™s three MD-11F freighters and its staff have joined a new cargo department, led by Olef Korolev, former CEO of Aeroflot Cargo.