Russian Airlines to Bear $47 million Losses from Flight Ban

Russian airlines are expected to bear 47 266 000 USD losses from flight ban with Georgia, the Russian Transport Minister noted.

These losses include both direct losses and lost profits, Evgeni Dietrich noted.

"At this stage detailed calculation is being carried out, but according to preliminary reports, the airlines are expected to bear 3 billion Ruble losses, both direct losses and profits losses”, the Russian Transport Minister noted.

Airlines will submit detailed reports by the end of this week and final losses will become known, Evgeni Dietrich said.

We remind you that starting July 8 direct flights were suspended between Georgia and Russia, under the decision that Russian President Vladimer Putin took after expulsion of Russian parliament member Sergei Gavrilov from Georgia.

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Russian Airlines to Bear $47 million Losses from Flight Ban

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Russian Airlines to Bear $47 million Losses from Flight Ban

Russian airlines are expected to bear 47 266 000 USD losses from flight ban with Georgia, the Russian Transport Minister noted.

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06