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KAZAKHSTAN DAILY DIGEST
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From: Daria Solovieva (dsolovieva@sorosny.org)
Date: Thu Feb 19 2004 - 14:26:04 EST
The lower house (Mazhilis) of the Kazakh parliament voted in plenary
session on 18 February to set up a joint commission with the government to
find out why state airline Air Kazakhstan has gone into bankruptcy,
khabar.kz reported the same day. The website said parliamentarians
believe the bankruptcy was deliberately forced. The Transportation and
Communications Ministry has asserted that the insolvency is the result of
incompetent management. A ministry spokesman told the Mazhilis on 18
February that the airline made what initially appeared to be large profits by
reducing expenditures on repairs, with the result that some of its planes are
now unfit to fly. Air Kazakhstan has stopped all international flights and
closed a number of offices throughout Kazakhstan, and on 3 February its
CEO informed the Transport Ministry that the airline was suspending its
regular domestic flights. Air Kazakhstan's main rival, Air Astana, promptly
took over the most profitable routes. BB
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