Russia's treasury is set to provide RUB30 billion ($1.08 billion) in soft loans to the air transport industry to help it through the current credit squeeze. Last month the government established a state-backed dedicated relief facility to finance the working capital needs of a few major airlines. According to sources, the five carriers that transport more than 1 million passengers per year, with at least half on scheduled flights, are eligible to receive funds. The recipients identified to ...

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