Moscow court declares Kogalymavia airline bankrupt - RUSSIAN AVIATION

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Moscow court declares Kogalymavia airline bankrupt

Russian Aviaton » Wednesday February 14, 2018 12:52 MSK

Metrojet A321 aircraft | © Alex S / Planespoters.net

The Moscow Commercial Court has declared Kogalymavia airline bankrupt, RAPSI has learnt in the court.

Earlier, hearings over the airline’s bankruptcy have been repeatedly postponed. Kogalymavia’s lawyer has stated that the company is ready to pay its debts but needs time.

On April 21, 2017, the court launched bankruptcy proceedings against the company on the request of Russia’s Federal Tax Service. According to the case documents, the Service’s motion was filed because the airline did not pay obligatory payments for obligatory medical and pension insurance in 2014-2015.

In January 2018, the court dismissed a motion filed by a Turkish company that sought to include a 3.7 billion-ruble (about $64.1 million) debt in the demands list of the airline’s creditors.

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