A Russian court has declared Aeroflot Airline subsidiary Donavia insolvent following a bankruptcy filing in January when Aeroflot filed on behalf of its two subsidiaries—Orenburg-based Orenair and Rostov-on-Don-based Donavia. Orenair was declared bankrupt in February 2017. In November 2011, Aeroflot received shares of five Russian regional carriers—including Orenair, Donavia and Saint Petersburg-based Rossiya Airlines—from Russian state corporation Rostec. In ...

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