Tag Archives: Airlines Lose Billions Amid Rumors Of Trans-Siberian Flight Blockade

Airlines Lose Billions Amid Rumors Of Trans-Siberian Flight Blockade – 6 August 2014

RT logoMajor airlines saw stock shares nosedive on Wednesday, after media reports said that Russia could block flights over Siberia. However, Russian Foreign Minister Sergey Lavrov said the reports are simply rumors.

“I’m not an advocate of using the method of bans and creating real problems for passengers, ordinary citizens who have absolutely no connection to the actions of those who unleashed this war,” Lavrov said on Wednesday.

Tuesday media reports said Dobrolet fallout could lead the Russian government to close its airspace altogether, forcing flights from Europe to Asia to reroute, costing billions. Each EU country has a bilateral agreement with Moscow on flying over Russian air space, and Russia is legally entitled to close it off, according to the European Commission.

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