More legislation for Russian carriers.
THE RUSSIAN Ministry of Transport has drafted legislation that would require all domestic airlines operating scheduled flights to have liability insurance. If enacted, the bill, which could enter force in July 2012, would mandate reimbursement for stranded passengers who are left to find alternative transport in the event of an airline ceasing operations. The insurance would guarantee refunds for passengers if the carriers cancel flights owing to owing to
Because of; on account of: I couldn't attend, owing to illness.
owing to prep → debido a, por causa de bankruptcy or the loss of an Air Operator's Certificate (AOC AOC,
n an acronym for the Aromatherapy Organizations Council. ) - under current rules, this compensation comes from federal funds Federal Funds
Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements.
These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve . The move, which has attracted criticism from some of the country's larger airlines, comes after several carriers, including Region-Avia, Continent and Avianova, unexpectedly ceased trading in 2011.