Bankruptcy petition against UTair set for September
MOSCOW, August 20 (RAPSI) – The Commercial Court of Khanty-Mansi Autonomous Area has adjourned a bankruptcy claim filed by Inter Company against UTair airline until September 19, according to court records.
In July, the court dismissed a petition for the air carrier’s bankruptcy lodged by Yugan-Union Card company. Earlier in June, a similar application filed by the Financial Company Flash Light Capital was rejected.
In March, the court consolidated four bankruptcy petitions filed by the Financial Company Flash Light Capital, Hydropromenergostroy, Inter and Yugan-Union Card companies against the airline into a single case.
According to the managing director of Raiffeisen Bank Dmitry Sredin, UTair is expected to complete its continuing debt restructuring by the mid-2019.
In April, the air carrier said that it had cleared off a debt to the Financial Company Flash Light Capital, one of the applicants seeking bankruptcy of UTair.
According to the airline, it is in a regular dialogue with creditor banks.
UTair is ranked among Top 5 of Russian air carriers.