URGENT: Russian MiG aircraft corporation's losses at $306 mln in 2008

MOSCOW, February 11 (RIA Novosti) - Russia's MiG aircraft corporation sustained losses of some 11 billion rubles ($306 million) in 2008, with the company's debt standing at 44.8 billion rubles ($1.25 billion), the Russian premier said on Wednesday.

"Losses totaled some 11 billion rubles last year, and the overall debt is 44.8 billion rubles," Vladimir Putin said at a meeting with the MiG management.