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ANTONOV AIRLINES DENIES RUMORS OF FINANCIAL DIFFICULTIES

 ANTONOV AIRLINES DENIES RUMORS OF FINANCIAL DIFFICULTIES
 SYDNEY, Australia, Aug. 6 /PRNewswire/ -- Antonov Airlines (Cargo And Services) Pty Ltd. today refuted allegations made by competitors that it is suffering financial difficulties. It says conflicting claims have been published concerning the company, and that what it terms as "misinformation" has been leaked to the press in order to cast doubt on its financial standing. However, the airline categorically maintains that it "has at all times been solvent and able to pay its debts".
 The company leases four cargo aircraft from the Russian government (two AN 124s and two IL76s) and operates them in the Australian region and worldwide with the authority of the Russian minister of defense.
 The airline boasts an impressive track record in a number of fields. For example it once flew an Antonov AN124 aircraft from Melbourne Airport in a round the world flight that produced seven world records and ten U.S.S.R. records for an AN124.
 It has also been involved in many humanitarian operations. It flew an Antonov from Mascot in Sydney to Turkey after the Gulf War to assist Kurdish refugees at the request of the Australian government, and has taken part in various United Nations missions, for example to Bangladesh, and also in connection with Chernobyl victims in the Ukraine.
 The company's commercial capacities include deliveries of chilled meat and livestock worldwide. It has also flown pop stars around the globe, including Cliff Richard and Elton John, and has been requested to fly Michael Jackson to Russia and London on his next world tour.
 -0- 8/6/92
 /CONTACT: Antonov Airlines corporate communications, in Sydney: 2-631-4793, (fax) 2-636-5718, or in Moscow: 95-338-1680, (fax) 95-338-2033/ CO: Antonov Airlines Pty Ltd. ST: IN: AIR SU:


TS -- NY001 -- 7369 08/06/92 07:01 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
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