Russian Ministry of Transport has amended its Air Code, allowing carriers to introduce non-refundable tickets. Currently, Russian airlines have to pay 8% in refunds to passengers who cancel their flights 24 hr. before the flight. In 2010, the refunds amounted to RUB22.7 billion ($700,000). Russian authorities said foreign carriers operating scheduled flights to Russia sell nonrefundable tickets, which allows them to offer sales with lower prices, giving an unfair advantage over Russian ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.