Russia has lifted a ban for Swiss International Air Lines to fly through its airspace imposed apparently in legal dispute over a Russian investor last March.
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swissinfo.ch and agencies
The Swiss company confirmed reports that its aircraft are again allowed to enter Russian airspace since January 1 following an agreement between the aviation authorities of both countries.
The ban had affected Swiss’ flights to Shanghai and Hong Kong, resulting in longer journeys and higher fuel costs.
A year ago the Swiss finance ministry decided to fine Russian billionaire Viktor Vekselberg’s holding firm Renova SFr40 million ($41.4 million) for violating stock market regulations.
However, a court cleared Vekselberg of the accusations in September.
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Swiss planes banned from Russian airspace
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A spokesman for the airline confirmed a report in the NZZ am Sonntag newspaper that Swiss hasn’t been able to fly through Russia since the introduction of the summer flight plan in March. Flights to Shanghai and Hong Kong have been affected. They now have to fly around southern Russia, resulting in longer journeys and…
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A court ruled that there was no proof to justify record SFr40 million ($40.6 million) fines levied by the Swiss finance ministry for each of the trio after the takeover of industrial company Oerlikon. The reputation of the finance ministry was further battered by its failure to send a lawyer to the two-day hearing in…
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Swissair was the former national airline of Switzerland, created in 1931. For nearly 71 years, it was known as the “Flying Bank” due to the financial stability of the airline. But a failed expansion strategy and the economic turndown led to the grounding of the airline in October 2001. It was kept alive until March…
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.