Russia May Strip 20% of Airlines of Their Licenses, Ekho Says

Russian Transportation Minister Igor Levitin said as many as 20 percent of the country’s 170 airlines may lose licenses during the economic crisis because of mounting debt, the Ekho Moskvy radio station reported.

Russia’s Federal Air Transportation Agency has compiled a list and sent warnings to the carriers that fail to make payments to airports, suppliers and tax authorities, the Moscow-based radio station quoted Levitin as saying in an interview late yesterday.

To contact the reporter on this story: Paul Abelsky in St. Petersburg at pabelsky@bloomberg.net.

To contact the editor responsible for this story: Chris Kirkham at ckirkham@bloomberg.net

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