Interavia bankruptcy procedure extended for six months
MOSCOW, September 19 (RAPSI) - The Moscow Commercial Court has extended for six months the bankruptcy proceedings for Interavia Airlines, RAPSI reported from the courtroom on Thursday.
The court has thus granted a motion filed by the bankruptcy receiver Ilya Presnyakov. A report on the course of bankruptcy procedure by the receiver will be heard by the court on February 6.
On January 28, 2010, the Moscow Commercial Court ruled for Interavia's bankruptcy and appointed Presnyakov as the bankruptcy receiver. The company's accounts payable amounted to 817 million rubles ($25.62 million) and the accounts receivable, which could be recovered, amounted to 5-6 million rubles ($155,062-$186,075).
A statement on Interavia's insolvency was submitted to the commercial court on February 27, 2009. The airline stopped all its flights in winter 2009.
The Federal Agency for Air Transport withdrew the airline's operation certificate in early February 2009, as the airline company "did not rectify a breach found by the agency within three months of the air operator's certificate being suspended."