- MOSCOW (Agence France Presse) - Several Russian insurance companies,
fearful of potential flight disasters due to the millennium bug, have
slapped the nation's airlines with higher rates, Interfax reported.
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- But the country's aviation chief said
a complete Y2K crossover program was already in full swing throughout
the industry.
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- Federal Aviation Service Deputy Director
Victor Gorlov said the airlines' systems were being thoroughly checked
in preparation for the electronic transition to the year 2000, when many
computer systems are expected to fail due to a programming glitch.
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- Russia has been singled out as particularly
vulnerable to the potential for disaster at year's end. Its ailing nuclear
industry combined with an acute cash shortage have aroused concern in
Washington while garnering relatively little notice at home.
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- The nation's top official in charge of
the problem has estimated the transition to Y2K-compatible programming
will cost Russia upwards of $3 billion.
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- Gorlov said Sunday that preventative
measures for the airline industry alone will run at over $3 million, none
of which is expected to come from Russia's painfully undersized budget.
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