Concise Aerospace - Bank takes control of major stake at KD Avia

Bank takes control of major stake at KD Avia

Published 12 January 2009

Former Pulkovo general director takes over at embattled Kaliningrad carrier (478 words)

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Article ID: 8264

• 17 April 2009 - Civil: VTB bridging finance allows KD Avia's schedule to return to normal
• 14 March 2009 - Civil: KD Avia averts grounding
• 11 March 2009 - Civil: KD Avia says operations could close without funding by end of week
• 15 December 2008 - Civil: KD Avia looks for a share of Government's Rb30 billion of preferential lending to the airline sector
• 1 December 2008 - Civil: State apparently forces solution to KD Avia crisis
• 26 November 2008 - Civil: KD Avia teeters on edge of collapse
• 28 October 2008 - Civil: KD-Avia makes promissory note payment
• 27 October 2008 - Civil: KD Avia misses debt payment
• 14 October 2008 - Civil: Funding issues begin to confront Russian airline sector as winter draws near
• 8 September 2008 - Civil: KD-Avia lifts traffic by 128% in first eight months of 2008

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