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Russian tour operator appeals recovery of $5.8 mln in favor of Transaero

14:41 31/01/2017

MOSCOW, January 31 (RAPSI) – Tour operator Natalie Tours has filed an appeal with the Ninth Commercial Court of Appeals against recovery of $5.8 million in favor of Transaero airline, RAPSI learnt in the court.

The court will consider the complaint on February 16.

On November 11, 2016, the Moscow Commercial court granted the air carrier’s claim seeking to collect the debt from the travel company. Under the contract signed between parties, the tour operator was to transfer earnings from transportation sales excluding fee to the plaintiff. Additionally, the court dismissed a counterclaim by Natalie Tours demanding to invalidate provisions of the agreement’s supplementary contract.

The travel company also filed a lawsuit to recover about 400 million rubles ($6.7 million) in damages from Transaero. However, the claim has been dismissed without prejudice.

In 2015, Transaero found itself unable to pay its debts valued at 250 billion rubles (about $4 billion). Government-approved plan of transferring 75% of company’s shares to Aeroflot failed. Its problems resulted in a large number of flight cancels and delays.

In October 2015, Sberbank and Alfa Bank filed bankruptcy petitions against the troubled airline. The Commercial Court of St. Petersburg and Leningrad Region initiated a bankruptcy procedure against Transaero on December 16.

Natalie Tours, a tour operator on the Russian foreign tourist market, was founded in April 1992. In 2014, the company’s amount of business was estimated at $850 million.

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Russian tour operator appeals recovery of $5.8 mln in favor of Transaero

14:41 31/01/2017 Tour operator Natalie Tours has filed an appeal with the Ninth Commercial Court of Appeals against recovery of $5.8 million in favor of Transaero airline.
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