Vnukovo Airlines found bankrupt

The Moscow Court of Arbitration has recognized Vnukovo Airlines as bankrupt. At today's court hearings the company's authorities and the Russian Federal Bankruptcy Service voted for this decision.

The bankruptcy case was initiated by the court on March 25, 2002 based on the appeal of the TZK and the Judicial Aviation Service. The majority of the company's creditors (90 percent) at a meeting on August 19, 2002 spoke in favor of finding the Vnukovo Airlines bankrupt.

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