MOSCOW, December 5 (RAPSI) – The Moscow Commercial Court has postponed hearings in Aeroflot’s 2.1 billion rubles ($33 mln) lawsuit against Transaero airline until January 26 of the next year, the court documents read on Monday.
On November 23, the Commercial Court of St. Petersburg and Leningrad Region postponed hearings in Sberbank’s bankruptcy claim against Transaero until March 1 of 2017. Temporary manager of the airline filed a motion to postpone hearings because all demands of creditors were met.
In 2015, Transaero found itself unable to pay its debts estimating 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.
On November 17 of this year, Transaero air carrier filed an application with the Commercial Court of St. Petersburg and Leningrad Region seeking to drop bankruptcy proceedings against it, according to court records.
This November Transaero managers submitted the company’s business resumption plan. The airline’s management headed by Director General Alexander Burdin analyzed alternatives which could make it possible to return money to creditors via relaunching the airline on the base of its assets, the document reads.