Aeroflot files bankruptcy petition against Orenburg Airlines - RUSSIAN AVIATION

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Aeroflot files bankruptcy petition against Orenburg Airlines

Russian Aviaton » Friday January 13, 2017 11:47 MSK

The Orenburg Region Commercial Court has registered a bankruptcy claim filed by Russia’s largest airline Aeroflot against its subsidiary Orenburg Airlines, RIA Novosti reports on Friday.
The date of hearing has not been set yet.

Last Autumn, on request of Aeroflot the Moscow Commercial Court collected 9 billion rubles (about $150 mln) of debt from Orenburg Airlines. A similar lawsuit over recovery of 4.2 billion rubles (about $70 mln) will be reviewed today.

On August 31, the court collected 2.1 billion rubles ($33.8 mln) from the Orenburg Airlines in another claim lodged by Aeroflot. Aeroflot demanded to recover 1.9 billion rubles ($29.2 million) of main debt as well as accumulated interest. Debt should’ve been returned in May 2016, but the defendant failed to meet its obligations.

In June, the Federal Agency of Air Transport (Rosaviation) annulled the Orenburg Airlines’ certificate, which is a part of the Aeroflot group, because of merger with Rossiya Airlines.

A part of Aeroflot corporate group, Rossiya Airlines, was set up as a successor of three regional air carriers including Rossiya, Donavia and the Orenburg Airlines.

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