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BELAVIA AIRLINES MIGHT FACE BANKRUPTCY DUE TO THE EU SANCTIONS

... depend on it. Perhaps, the position of the ICAO will be more cautious than the decision of the European authorities. The airline's securities have already fallen in price on the MICEX. The loss of logistic connections and the loss of the market may lead Belavia to ruin, and damage the economy of Belarus in the amount of 5-7% of GDP. Before the incident with the landing of the RyanAir plane and the arrest of Roman Protasevich, the company operated about 60 daily flights to the EU countries, which is about a fifth of all liners crossing the space between Belarus and the European Union.

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