Russian government confirmed Friday that it plans to create a new state-owned airline company intended to rescue the cash-strapped AiRUnion alliance (ATWOnline, Sept. 8). The holding company will rival Aeroflot in size and be controlled by the Russian Technologies investment fund, according to Russian press reports. "The crisis at AiRUnion is over," Deputy Finance Minister Andrei Nedosekov told media. "The state understands that the crisis of one company could lead to the collapse of the ...

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