About 30 Russian airlines, accounting for 26% of domestic passenger traffic, may go bankrupt in 2025, Russia’s Izvestia newspaper reported on Nov. 13.
Since the full-scale invasion began, most Russian airlines have come under Western sanctions. As a result, in 2022, several industry players stopped making lease payments.
Russian airlines fear a deterioration in their financial condition and the revocation of their operator’s certificates due to accumulated debts for leasing foreign aircraft, the media reported.
In 2025, the government allowed the companies to write off their debts, but these amounts will be subject to a 25% income tax. This financial burden may force them to close their operations, according to…
