The Commercial Court of St. Petersburg and Leningrad Region has extended asset inventory of the bankrupt Transaero air carrier for six months, according to court records.

The court therefore granted a petition lodged by the debtor’s bankruptcy supervisor Alexey Belokopyt. 

Transaero found itself unable to pay its debts valued at 250 billion rubles (about $4 billion) in 2015. The 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 bankruptcy procedure against Transaero on December 16.

On September 13, 2017, Transaero was declared bankrupt.