Russia offers virus-hit airlines $316-million subsidy

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Russia offers virus-hit airlines $316-million subsidy
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The Russian government says airlines can use the emergency funds for salaries and the cost of leasing planes, among others. coronavirus

President Vladimir Putin had already disclosed the amount of the planned handout from Russia's reserve fund but the publication of a government decreeRussia's civil aviation agency said flagship airline Aeroflot had already applied for the funding.

"The state subsidies will allow airlines to survive a period of restrictions linked to the complex epidemiological situation and help preserve civil aviation's workforce capacity," the government said on its website.Putin said at a meeting with companies on Wednesday, May 13, that airlines had seen"perhaps theThe number of international flights has fallen by 90% and domestic flights by 88%, Putin said.

All international flights were grounded in late March, although there have since been a few flights ferrying stranded Russians in and foreigners out.

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