The war proved costly for Putin! 30 Russian airlines preparing to repay debt and make up the difference in payments

Russia War Update: It has been almost 3 years since the war in Ukraine. Both countries are attacking each other. Putin has been accused of prolonging the war. Russia’s aviation industry is stuck in a new crisis. According to a media report, daily Izvestia said that 30 Russian airlines are on the verge of bankruptcy. These 30 companies carry 25 percent of the country’s passengers. But due to financial burden, the debt burden is likely to increase in 2025.

Most of these companies have hired planes from abroad.

Western countries have imposed economic sanctions on Russia since the beginning of the Ukraine war. Therefore Russia is suffering economic losses. Most of these 25 companies have now stopped leasing aircraft. Putin has planned loan waiver for those companies. But the tax burden on those companies has increased significantly. These companies are taxed at 25 percent. Originally it was 28 percent. Which will have to be reduced.

The maintenance of A-320 aircraft costs 80 thousand to 1 lakh 20 thousand dollars per month. Due to this, many domestic flight services have had to be cancelled. Pilots are leaving their jobs due to lack of pay. In such a situation, it becomes difficult to operate planes. Due to staff shortage, 68 flights had to be canceled at Sheremetyevo International Airport.