http://ift.tt/1ElLd8y Russia's top airlines are eyeing the specter of bankruptcy in 2015 following last year's ruble meltdown, which decimated travel spending and drastically upped the costs of maintaining carriers' fleets. One of the first rumbles of crisis came in December, when Russia's third-biggest air carrier UTair failed to meet an obligation to repurchase 2.6 billion rubles ($40.8 million) of bonds. The carrier is currently in negotiations to restructure its debt, which totals around 70 billion rubles ($1 billion). Russia's flagship carrier Aeroflot quickly registered its disapproval of any possible bailout plan, according to newspaper Vedomosti, accusing stricken UTair of being the victim of its own aggressive underpricing. But while UTair's policies may be behind its troubles, the other airlines are familiar with the hazards of the rouble's collapse. State-owned Aeroflot itself reported a net loss of 3.5 billion rubles ($54.9 million) over the first 9 months of 2014, after a 17 billion ruble profit a year earlier. .... Read More



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Russian airlines brace for tough year as rouble falls over Ukrainian crisis

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