Russia may restrict trans-Siberian flights for EU airlines - Vedomosti
Source: http://uk.reuters.com/article/2014/08/05/uk-ukrain
(Reuters) - Russia may impose restrictions or a ban on European airlines using trans-Siberian routes, raising the cost of their flights to Asia, in response to European Union sanctions over Ukraine, the business daily Vedomosti reported on Tuesday.
Russian low-cost airline Dobrolyot, run by state-controlled Aeroflot (AFLT.MM), had to suspended all flights last week after its plane lease agreement was cancelled because the EU extended sanctions on the carrier for operating flights to Crimea, the Black Sea peninsula that Moscow annexed from Ukraine in March.
Possible restrictions on flights over Russian territory are being discussed by the foreign and transport ministries, Vedomosti quoted one source as saying.
The ban could affect not just European carriers including Lufthansa (LHAG.DE), British Airways (ICAG.L) and Air France (AIRF.PA), but would also impact Aeroflot which gets around $300 million (£178 million) a year in overflight fees from airlines flying across Russian territory, Vedomosti reported.
Read more: http://uk.reuters.com/article/2014/08/05/uk-ukraine-crisis-russia-airlines-idUKKBN0G50CS20140805